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CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
IFRS 12 Disclosure
• 4 main sections of IFRS 12:
• 1. Significant judgements and assumptions (.7 ‐ .9)
• Disclose those made in determining:
• Control
• Joint control or significant influence, and
• Type of joint arrangement
• 2. Interests in subsidiaries (.10 ‐ .19)
• Enable users to understand
• Composition of group
• NCI interests
• Significant restrictions
• Interests in consolidated structured entities
• Consequences of changes in ownership during period
• When control is not lost
• Consequences of losing control during period
• Disclose details of subs with material NCIs
• Including summarised financial information
• Before inter-company eliminations (B11)objective
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