0 penilaian0% menganggap dokumen ini bermanfaat (0 suara)
73 tayangan6 halaman
IFRS 12 requires extensive disclosures about an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities. The objective is to provide information to help users evaluate the nature and risks of an entity's interests in other entities and how those interests affect the entity's financial position, performance and cash flows. IFRS 12 specifies the disclosure requirements for an entity's interests in these areas, such as significant judgments made in determining control or joint control, details about non-consolidated subsidiaries, and the nature and extent of risks from interests in unconsolidated structured entities. IFRS 12 applies to annual periods beginning on or after January 1, 2013, with early application permitted.
IFRS 12 requires extensive disclosures about an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities. The objective is to provide information to help users evaluate the nature and risks of an entity's interests in other entities and how those interests affect the entity's financial position, performance and cash flows. IFRS 12 specifies the disclosure requirements for an entity's interests in these areas, such as significant judgments made in determining control or joint control, details about non-consolidated subsidiaries, and the nature and extent of risks from interests in unconsolidated structured entities. IFRS 12 applies to annual periods beginning on or after January 1, 2013, with early application permitted.
IFRS 12 requires extensive disclosures about an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities. The objective is to provide information to help users evaluate the nature and risks of an entity's interests in other entities and how those interests affect the entity's financial position, performance and cash flows. IFRS 12 specifies the disclosure requirements for an entity's interests in these areas, such as significant judgments made in determining control or joint control, details about non-consolidated subsidiaries, and the nature and extent of risks from interests in unconsolidated structured entities. IFRS 12 applies to annual periods beginning on or after January 1, 2013, with early application permitted.
Other Entities Share on email Share on facebook Share on twitter Share on linkedin More Sharing Services Quick article links Overview IFRS 12 Disclosure of Interests in Other Entities is a consolidated disclosure standard reuiring a wide range of disclosures about an entit!"s interests in subsidiaries# $oint arrangements# associates and unconsolidated "structured entities"% &isclosures are 'resented as a series of ob$ectives# with detailed guidance on satisf!ing those ob$ectives% IFRS 12 was issued in Ma! 2(11 and a''lies to annual 'eriods beginning on or after 1 )anuar! 2(1*%
History of IFRS 12 Date Development Comments +'ril 2((2 ,ro$ect on consolidation added to the I+S-"s agenda .'ro$ect histor!/ 0ovember 2((1 ,ro$ect on $oint arrangements added to the I+S-"s agenda .'ro$ect histor!/ 1* Se'tember 2((2 E& 3 Joint Arrangements 'ublished 4omment deadline 11 )anuar! 2((5 15 &ecember 2((5 E& 1( Consolidated Financial Statements 'ublished 4omment deadline 2( March 2((3 )anuar! 2(1( I+S- decision to issue a se'arate disclosure standard addressing a re'orting entit!"s involvement with other entities that are not in the sco'e of I+S *36IFRS 3 .including subsidiaries# associates and $oint arrangements and unconsolidated S,Es6structured entities/ 12 Ma! 2(11 IFRS 12 Disclosure of Interests in Other Entities 'ublished Effective for annual 'eriods beginning on or after 1 )anuar! 2(1* 25 )une 2(12 +mended b! Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance .'ro$ect histor!/ Effective for annual 'eriods beginning on or after 1 )anuar! 2(1* *1 October 2(12 +mended b! Investment Entities Amendments to IF!S "#, IF!S "$ and IAS $%& .'ro$ect histor!/ Effective for annual 'eriods beginning on or after 1 )anuar! 2(11 Relate Interpretations 0one !u"lications an resources IF!S in Focus 0ewsletter I+S- issues new standard on disclosure of interests in other entities summarising the reuirements of IFRS 12 .,&F 78k# Ma! 2(11/ Effect anal!sis for IFRS 1( and IFRS 12 .link to I+S- website/ Summary of IFRS 12 O"#ective an scope 9he ob$ective of IFRS 12 is to reuire the disclosure of information that enables users of financial statements to evaluate: ;IFRS 12:1< the nature of# and risks associated with# its interests in other entities the effects of those interests on its financial 'osition# financial 'erformance and cash flows% =here the disclosures reuired b! IFRS 12# together with the disclosures reuired b! other IFRSs# do not meet the above ob$ective# an entit! is reuired to disclose whatever additional information is necessar! to meet the ob$ective% ;IFRS 12:*< IFRS 12 is reuired to be a''lied b! an entit! that has an interest in an! of the following: ;IFRS 12:8< subsidiaries $oint arrangements .$oint o'erations or $oint ventures/ associates unconsolidated structured entities IFRS 12 does not a''l! to certain em'lo!ee benefit 'lans# se'arate financial statements to which I+S 22 Se'arate Financial Statements a''lies .e>ce't in relation to unconsolidated structured entities and investment entities in some cases/# certain interests in $oint ventures held b! an entit! that does not share in $oint control# and the ma$orit! of interests in another entit! accounted for in accordance with IFRS 3 Financial Instruments% ;IFRS 12:7< $ey efinitions ;IFRS 12:+''endi> +< Interest in another entity Refers to contractual and non?contractual involvement that e>'oses an entit! to variabilit! of returns from the 'erformance of the other entit!% +n interest in another entit! can be evidenced b!# but is not limited to# the holding of euit! or debt instruments as well as other forms of involvement such as the 'rovision of funding# liuidit! su''ort# credit enhancement and guarantees% It includes the means b! which an entit! has control or $oint control of# or significant influence over# another entit!% +n entit! does not necessaril! have an interest in another entit! solel! because of a t!'ical customer su''lier relationshi'% Structure entity +n entit! that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entit!# such as when an! voting rights relate to administrative tasks onl! and the relevant activities are directed b! means of contractual arrangements% Disclosures re%uire Important note& 9he summar! of disclosures that follows is a high?level summar! of the main reuirements of IFRS 12% It does not list ever! s'ecific disclosure reuired b! the standard# but instead highlights the broad ob$ectives# categories and nature of the disclosures reuired% IFRS 12 lists s'ecific e>am'les and additional disclosures which further e>'and u'on the disclosure ob$ectives# and includes other guidance on the disclosures reuired% +ccordingl!# readers should not consider this to be a com'rehensive or com'lete listing of the disclosure reuirements of IFRS 12% Si'nificant #u'ements an assumptions +n entit! discloses information about significant $udgements and assum'tions it has made .and changes in those $udgements and assum'tions/ in determining: ;IFRS 12:2< that it controls another entit! that it has $oint control of an arrangement or significant influence over another entit! the t!'e of $oint arrangement .i%e% $oint o'eration or $oint venture/ when the arrangement has been structured through a se'arate vehicle% Interests in su"siiaries +n entit! shall disclose information that enables users of its consolidated financial statements to: ;IFRS 12:1(< understand the com'osition of the grou' understand the interest that non?controlling interests have in the grou'"s activities and cash flows evaluate the nature and e>tent of significant restrictions on its abilit! to access or use assets# and settle liabilities# of the grou' evaluate the nature of# and changes in# the risks associated with its interests in consolidated structured entities evaluate the conseuences of changes in its ownershi' interest in a subsidiar! that do not result in a loss of control evaluate the conseuences of losing control of a subsidiar! during the re'orting 'eriod% Interests in unconsoliate su"siiaries ;0ote: 9he investment entit! consolidation e>em'tion referred to in this section was introduced b! Investment Entities# issued on *1 October 2(12 and effective for annual 'eriods beginning on or after 1 )anuar! 2(11%< In accordance with IFRS 1( Consolidated Financial Statements# an investment entit! is reuired to a''l! the e>ce'tion to consolidation and instead account for its investment in a subsidiar! at fair value through 'rofit or loss% ;IFRS 1(:*1<% =here an entit! is an investment entit!# IFRS 12 reuires additional disclosure# including: the fact the entit! is an investment entit! ;IFRS 12:13+< information about significant $udgements and assum'tions it has made in determining that it is an investment entit!# and s'ecificall! where the entit! does not have one or more of the "t!'ical characteristics" of an investment entit! ;IFRS 12:3+< details of subsidiaries that have not been consolidated .name# 'lace of business# ownershi' interests held/ ;IFRS 12:13-< details of the relationshi' and certain transactions between the investment entit! and the subsidiar! .e%g% restrictions on transfer of funds# commitments# su''ort arrangements# contractual arrangements/ ;IFRS 12: 13&?13@< information where an entit! becomes# or ceases to be# an investment entit! ;IFRS 12:3-< +n entit! making these disclosures are not reuired to 'rovide various other disclosures reuired b! IFRS 12 ;IFRS 12:21+# IFRS 12:28+<% Interests in #oint arran'ements an associates +n entit! shall disclose information that enables users of its financial statements to evaluate: ;IFRS 12:2(< the nature# e>tent and financial effects of its interests in $oint arrangements and associates# including the nature and effects of its contractual relationshi' with the other investors with $oint control of# or significant influence over# $oint arrangements and associates the nature of# and changes in# the risks associated with its interests in $oint ventures and associates% Interests in unconsoliate structure entities +n entit! shall disclose information that enables users of its financial statements to: ;IFRS 12:21< understand the nature and e>tent of its interests in unconsolidated structured entities evaluate the nature of# and changes in# the risks associated with its interests in unconsolidated structured entities% (pplica"ility an early aoption 0ote: 9his section has been u'dated to reflect the amendments to IFRS 12 made in )une 2(12 and October 2(12% ;IFRS 12: +''endi> 4< IFRS 12 is a''licable to annual re'orting 'eriods beginning on or after 1 )anuar! 2(1*% Earl! a''lication is 'ermitted% 9he disclosure reuirements of IFRS 12 need not be a''lied for an! 'eriod 'resented that begins before the annual 'eriod immediatel! 'receding the first annual 'eriod for which IFRS 12 is a''lied ;IFRS 12:42+< Entities are encouraged to voluntaril! 'rovide the information reuired b! IFRS 12 'rior to its ado'tion% ,roviding some of the disclosures reuired b! IFRS 12 does not com'el an entit! to com'l! with all of the reuirements of the IFRS or to also a''l!: IFRS 1( Consolidated Financial Statements IFRS 11 Joint Arrangements I+S 22 Se'arate Financial Statements .2(11/ I+S 25 Investments in Associates and Joint (entures .2(11/% 9he amendments to IFRS 12 made b! Investment Entities are a''licable to annual re'orting 'eriods beginning on or after 1 )anuar! 2(11 ;IFRS 12:41-<%