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IFRS — 12 Disclosures for a subsidiary with a material non-controlling interest and for a material joint venture or associate

Date recorded:

The agenda paper provided focussed on two similar issues submitted to the Interpretations Committee – a) disclosures required for a subsidiary with a material non-controlling interest, and b) the level of aggregation of summarised financial information for a joint venture or associate.  The agenda paper analysed the comments received on the tentative agenda decision, and set out the wording for the proposed final agenda decisions.  The Technical Manager introduced the agenda paper and asked the Committee members whether they agreed with the staff recommendations in the agenda paper with respect to the finalisation of the related agenda decisions.

There were no significant comments with respect to this agenda paper.

All Committee members agreed with the staff recommendations in the agenda paper to:

  • finalise the agenda decision;
  • present separate agenda decisions for each one of the issues analysed (i.e. one in respect of the issues relating to subsidiaries and the second in respect of the issue relating to joint ventures and associates) as well as the staff recommendation to combine in one single agenda decision the issues analysed on the “Disclosure of summarised financial information about material joint ventures and associates”; and
  • with the proposed changes to the wording of the tentative agenda decision and of the agenda decision published in November 2014.

Correction list for hyphenation

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