Page 42 - PowerPoint Presentation

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

IFRS 12 Disclosure

• 3. Interests in joint arrangements and associates (.20 -

.23)

• Dealt with in future modules

• 4. Interests in unconsolidated structured entities

• Enable users to understand

• Nature and extent of interests

• Qualitative and quantitative information

• Nature, size, purpose, activities, etc.

• How structured entity is financed
• and

• Risks associated with those interests

• Recognised P&L related to interests

• Entity’s maximum exposure to loss

• Support provided to structured entity
• Provides total picture of entity’s exposure

• New, onerous disclosure

42