Page 42 - Topic 1 - 1.3. Business Combinations

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

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