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Wiley IFRS 2014: Interpretation and Application of International Financial Reporting Standards by Brandon Hanekom, Blaise Colyvas, Raymond Chamboko, Edwin Selbst, Tapiwa Njikizana, Danie Coetsee, Bruce Mackenzie

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SEPARATE FINANCIAL STATEMENTS

A. When a parent elects not to prepare consolidated financial statements and instead prepares separate financial statements, it shall disclose in those separate financial statements:

  1. The fact that the financial statements are separate financial statements; that the exemption from consolidation has been used; the name and principal place of business (and country of incorporation, if different) of the entity whose consolidated financial statements that comply with International Financial Reporting Standards have been produced for public use; and the address where those consolidated financial statements are obtainable.
  2. A list of significant investments in subsidiaries, joint venture, and associates, including:
    1. The name of those investees.
    2. The principal place of business (an country of incorporation, if different) of those investees.
    3. Its proportion of the ownership interest (and its proportion of the voting rights, if different) held in those investees.
  3. A description of the method used to account for the investments.

B. When a parent or an investor with joint control of, or significant influence over, an investee prepares separate financial statements, the parent or investor shall also disclose in its separate financial statements:

  1. The fact that the statements are separate financial statements and the reasons why those statements are prepared if not required by law.
  2. A list of significant investments in subsidiaries, joint ventures and associates, ...

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