Page 31 - PowerPoint Presentation

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

Accounting for investments bases

• Subsidiaries

• Subsidiaries are accounted for by means of consolidation.

• Associates

• An investment in an associate should be accounted for as an

investment in the consolidated group financial statements
using the equity method, except when the investment is

acquired and held with a view to dispose in the near future.

• In such a case it should be accounted for under IFRS 5, Non-current

Assets Held for Sale and Discontinued Operations, if all
requirements are met.

• Joint arrangements

• A joint arrangement can either be classified as a joint

operation or a joint venture in accordance with IFRS 11.04.

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