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CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

Applicable Standards

• IFRS 3

• Business Combinations deals with the accounting treatment

and initial determination of the value attached to the subsidiary

being acquired on the date of acquisition.

• This standard deals with the methods of accounting for business

combinations and their effects on consolidation, including
goodwill (or gain on bargain purchase) arising on a business

combination.

• IFRS 10

• Consolidated Financial Statements deals with the consolidation

procedures and accounting treatment after the date of
acquisition.

• This standard deals with the preparation and presentation of

consolidated financial statements for a group of entities under

the control of a parent. 12

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