AASB 12 - Disclosure of Interests in Other Entities - August 2011
The interest that non-controlling intereThe interest that non-controlling interests have in the group’s activities and cash flows
Start here
Get a plain-English read of The interest that non-controlling intere
Turn the raw legal text into a practical explanation grounded in AASB 12 - Disclosure of Interests in Other Entities - August 2011.
The interest that non-controlling interests have in the group’s activities and cash flows
12 An entity shall disclose for each of its subsidiaries that have non-controlling interests that are material to the reporting entity:
(a) the name of the subsidiary.
(b) the principal place of business (and country of incorporation if different from the principal place of business) of the subsidiary.
(c) the proportion of ownership interests held by non-controlling interests.
(d) the proportion of voting rights held by non-controlling interests, if different from the proportion of ownership interests held.
(e) the profit or loss allocated to non-controlling interests of the subsidiary during the reporting period.
(f) accumulated non-controlling interests of the subsidiary at the end of the reporting period.
(g) summarised financial information about the subsidiary (see paragraph B10).