International GAAP 2012: Generally Accepted Accounting Practice under International Financial Reporting Standards

Chapter 8

Consolidation procedures and non-controlling interests

1 Introduction

2 Consolidation Procedures

2.1 Basic principles

2.2 Proportion consolidated

2.2.1 Interaction with accounting for financial instruments

2.3 Consolidating foreign operations

2.4 Intragroup eliminations

2.5 Non-coterminous accounting periods

2.6 Consistent accounting policies

3 Changes in Ownership Interests

3.1 Commencement of consolidation

3.1.1 Acquisition of a subsidiary that is not a business

3.2 Accounting for a loss of control

3.2.1 Interest retained in the former subsidiary

3.2.2 Other comprehensive income

3.2.3 Deemed disposal

3.2.4 Presentation of comparative information for a former subsidiary

3.2.5 Subsidiary that is a single-asset entity

3.3 Changes in ownership interest without a loss of control

3.3.1 Reattribution of other comprehensive income

3.3.2 Goodwill attributable to non-controlling interests

3.4 Step-disposal of a subsidiary

3.5 Demergers and distributions of non-cash assets to owners

3.5.1 Scope of IFRIC 17

3.5.2 Recognition and measurement in IFRIC 17

3.5.3 Presentation and disclosure

4 Non-Controlling Interests

4.1 The definition of non-controlling interest

4.2 Initial measurement of non-controlling interests in a business combination

4.3 Presentation of non-controlling interests

4.4 Non-controlling interests classified as financial instruments

4.5 Subsequent measurement of non-controlling interests

4.5.1 Loss-making subsidiaries

5 Call and Put Options Over Non-Controlling Interests ...