IFRS10合并财务报表.docx

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1、精品文档你我共享IFRS10ConsolidatedFinancialStatementsThisarticlewillconsiderhowtheaccountingstandardIFRS10ConsolidatedFinancialStatements(IFRS10)addressesthedefinitionofasubsidiary.Whereaninvestmentisidentifiedasasubsidiarythenconsolidatedfinancialstatementsarepreparedwherethefinancialstatementso

2、fagroupparentanditssubsidiariesarepresentedasthoseofasingleeconomicentity.Butwhatexactlyisasubsidiary?Wellthestandardtakesaprinciplesbasedapproachandinsimpletermsdefinesasubsidiaryintermsofcontrol.Itshouldbenotedthatthedefinitionofasubsidiaryisnotanumberratheritisbasedontheprincipleofcont

3、rol.Thisprinciplesbasedapproachisimportantascreativeaccountantsadoptingalegalisticapproachmaywishtotryandarguethataninvestmentisnotasubsidiary,onthebasisthattheinvestor'sshareholdingislessthan50%andstheentityshouldnotbeconsolidated.Theseargumentsareoftenusedwheretheinvestmentishighlygeare

4、d.Whatthecreativeaccountantistryingtodoistaketheinvestment'sliabilitiesoffthegroupbalaneesheetasiftheinvestmentisdefinedasasubsidiarytheirliabilitiesareaggregatedinfullintheconsolidatedaccounts.Itisalwaysimportanttoconsidersubstaneeoftherelationshipwithaninvestmentandnotjustthesizeofthesh

5、areholding.IfaninvestmentisinfactcontrolledthenitisasubsidiaryanditsincomeexpensesAAAAAA精品文档你我共享assetsandliabilitiesshouldbeconsolidatedinorderthatthereistransparencyandaccountability.Controlisthoughnormally,butnotexclusively,evideneedbytheinvestorholdingamajority(50%+)ofthevotingrights.D

6、efinitionofcontrolAccordingtoIFRS10,aninvestorcontrolsaninvesteeifandonlyiftheinvestorhasallofthefollowingelements:«powerovertheinvestee,i.e.theinvestorhasexistingrightsthatgiveitthattheabilitytodirecttherelevantactivities(theactivitiessignificantlyaffecttheinvestee'sreturns)•exposure,orr

7、ights,tovariablereturnsfromitsinvolvementwiththeinvestee«theabilitytouseitspowerovertheinvesteetoaffecttheamountoftheinvestor'sreturns.Importantlythoughaninvestorwillalsohavetoconsiderallrelevantfactsandcircumstanceswhenassessingwhetheritcontrolsaninvestee.Poweraris