AASB 12 - Disclosure of Interests in Other Entities - August 2011
Investment entity statusInvestment entity status
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Investment entity status
9A When a parent determines that it is an investment entity in accordance with paragraph 27 of AASB 10, the investment entity shall disclose information about significant judgements and assumptions it has made in determining that it is an investment entity. If the investment entity does not have one or more of the typical characteristics of an investment entity (see paragraph 28 of AASB 10), it shall disclose its reasons for concluding that it is nevertheless an investment entity.
9B When an entity becomes, or ceases to be, an investment entity, it shall disclose the change of investment entity status and the reasons for the change. In addition, an entity that becomes an investment entity shall disclose the effect of the change of status on the financial statements for the period presented, including:
(a) the total fair value, as of the date of change of status, of the subsidiaries that cease to be consolidated;
(b) the total gain or loss, if any, calculated in accordance with paragraph B101 of AASB 10; and
(c) the line item(s) in profit or loss in which the gain or loss is recognised (if not presented separately).