IFRS 12

Question 1

Interest in another entity

Answer 1

Refers to contractual and non-contractual involvement that exposes an entity to variability of returns from the performance of the other entity.

Question 2

Structured entity

Answer 2

An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity

Question 3

Disclosures required

Answer 3

1. Significant judgements and assumptions
2. Interests in subsidiaries
3. Interests in joint arrangements and associates
4. Interests in unconsolidated structured entities