Meeting the objective
2 To meet the objective in paragraph 1, an entity shall disclose:
- the significant judgements and assumptions it has made in
Significant judgements and assumptions
7 An entity shall disclose information about significant judgements and assumptions it has made (and changes to those judgements and assumptions) in determining: that it has investee as described in paragraphs 5 and 6 of IFRS 10 Consolidated Financial Statements;
Interests in subsidiaries
10 An entity shall disclose information that enables users of its consolidated financial statements
Interests in unconsolidated subsidiaries (investment entities)
19A An investment entity that, in accordance with IFRS 10, is required to apply the exception to consolidation and instead account for its investment in a subsidiary at fair value through profit or loss shall disclose that fact.
19B For each unconsolidated subsidiary, an investment entity shall disclose:
Interests in joint arrangements and associates
20 An entity shall disclose information that enables users of its financial statements to evaluate:
Interests in unconsolidated structured entities
24 An entity shall disclose information that enables users of its financial statements: to understand the nature and extent of its interests in unconsolidated structured entities (paragraphs 26–28); and to evaluate the nature of, and changes in, the risks associated with its interests in unconsolidated structured entities (paragraphs 29–31).
25 The information required by paragraph 24(b) includes information about an entity’s exposure to risk from involvement that it had with unconsolidated structured entities in previous … Continue reading
Appendix B Application guidance
This appendix is an integral part of the IFRS. It describes the application of paragraphs 1–31 and has the same authority as the other parts of the IFRS.
B1 The examples in this appendix portray hypothetical situations. Although some aspects of the examples may be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern would need to be evaluated when applying IFRS 12.
Aggregation (paragraph 4)
B2 An entity shall … Continue reading
B7 An interest in another entity refers to contractual and non-contractual involvement that exposes the reporting entity to variability of returns from the performance of the other entity. Consideration of the purpose and design of the other entity may help the reporting entity when assessing whether it has an interest in that entity and, therefore, whether it is required to provide the disclosures in this IFRS. That assessment shall include consideration of the risks that the other entity was designed … Continue reading
Summarised financial information for subsidiaries, joint ventures and associates (paragraphs 12 and 21)
B10 For each subsidiary that has non-controlling interests that are material to the reporting entity, an entity shall disclose:
Commitments for joint ventures (paragraph 23(a))
B18 An entity shall disclose total commitments it has made but not recognised at the reporting date (including its share of commitments made jointly with other investors with joint control of a joint venture) relating to its interests in joint ventures. Commitments are those that may give rise to a future outflow of cash or other resources.
B19 Unrecognised commitments that may give rise to a future outflow of cash or other resources include:… Continue reading