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

Chapter 9

Separate and individual financial statements

1 Separate and Individual Financial Statements

1.1 Consolidated financial statements and separate financial statements

1.1.1 Separate financial statements and interests in associates and joint ventures

1.1.2 Publishing separate financial statements without consolidated financial statements

1.2 Entities incorporated in the EU and consolidated and separate financial statements

1.2.1 Issuing separate financial statements before consolidated statements

1.2.2 Differences between scope of consolidation under IAS 27 and European Union national legislation

2 Requirements of Separate Financial Statements

2.1 Cost method

2.1.1 Cost of investment

2.1.1.A Investments acquired for own shares or other equity instruments

2.1.1.B Common control transactions

2.1.1.C Cost of subsidiary acquired in stages

2.1.1.D Formation of a new parent

2.1.1.E Formation of a new parent: calculating the cost and measuring equity

2.1.2 Deemed cost on transition to IFRS

2.2 IAS 39 method

2.3 Dividends and other distributions

2.3.1 Dividends from subsidiaries, jointly controlled entities or associates

2.3.1.A The dividend exceeds the total comprehensive income

2.3.1.B The carrying amount exceeds the consolidated net assets

2.3.1.C Returns of capital

2.3.2 Distributions of non-cash assets to owners (IFRIC 17)

2.3.2.A Scope

2.3.2.B Recognition, measurement and presentation

3 Disclosure

3.1 Separate financial statements prepared by parent electing not to prepare ...