IFRS 12 — Disclosure of Interests in Other Entities

About

IFRS 12 requires an entity to disclose information that enables users of its financial statements to evaluate:

• the nature of, and risks associated with, its interests in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity; and
• the effects of those interests on its financial position, financial performance and cash flows.

What you should know

• Know and apply the disclosure requirements for interests in other entities.
• Identify interests in subsidiaries, joint arrangements, associates and unconsolidated structured entities.
• Disclose significant judgements made in determining control, joint control or significant influence.
• Disclose information about non-controlling interests.
• Disclose the nature and extent of risks associated with interests in other entities.
• Present and disclose the effects of interests in other entities on the financial statements.