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CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
Key Concepts
• Business combination:
• A business combination is a transaction or event in which
an acquirer obtains control of one or more businesses
(IFRS 3 Appendix A).
• Control:
• An investor controls an investee when it is exposed to, or
has rights to variable returns from its involvement with
the investee and has the ability to affect those returns
through its power over the investee (IFRS 10.5).
• Business:
• An integrated set of activities and assets that is capable of
being conducted and managed for the purpose of
providing a return directly to investors or other owners,
members or participants (IFRS 3 Appendix A).
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