Net investment and disposal of a foreign operation file: differences, reclassification, partial disposal and non-controlling interests

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

  PRET_EN_USD_REGLEMENT_NI_PLANIFIE_NI_PROBABLE

• Disposal transaction: date, percentage sold, control retained or lost

  Text

• Net investment balance translated at the closing rate (case data)

  Number

  950,000

• Carrying amount of the balance before the difference

  Number

  900,000

• Cumulative translation differences of the operation

  Number

• Percentage held by non-controlling interests (in %)

  Number

• Percentage of the interest sold (in %)

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  50,000

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Account	Debit	Credit
  Exchange gain removed from profit or loss	50,000
  Translation reserve		50,000

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Debit Translation reserve ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share) ; Credit Gain on disposal (reclassification component) ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Debit Non-controlling interests ← Share of the cumulative amount attributable to non-controlling interests ; Credit Net assets of the foreign operation ← Share of the cumulative amount attributable to non-controlling interests

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Debit Translation reserve ← Proportionate share of the cumulative amount on a partial disposal ; Credit Non-controlling interests ← Proportionate share of the cumulative amount on a partial disposal

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

  DECISION_DU_CONSEIL_SANS_REMBOURSEMENT_PREVU

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedPass
• Reclassification entry balancedNot evaluated

Assets

0

Liabilities

0

Profit or loss

-50,000

OCI

50,000

Equity

0

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

• Disposal transaction: date, percentage sold, control retained or lost

  Text

  PERTE_DE_CONTROLE_AVEC_PARTICIPATION_CONSERVEE

• Net investment balance translated at the closing rate (case data)

  Number

• Carrying amount of the balance before the difference

  Number

• Cumulative translation differences of the operation

  Number

  200,000

• Percentage held by non-controlling interests (in %)

  Number

  20 %

• Percentage of the interest sold (in %)

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  0

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  40,000

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  160,000

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Debit Exchange gain removed from profit or loss ← Exchange difference on the item forming part of the net investment ; Credit Translation reserve ← Exchange difference on the item forming part of the net investment

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Account	Debit	Credit
  Translation reserve	160,000
  Gain on disposal (reclassification component)		160,000

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Account	Debit	Credit
  Non-controlling interests	40,000
  Net assets of the foreign operation		40,000

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Debit Translation reserve ← Proportionate share of the cumulative amount on a partial disposal ; Credit Non-controlling interests ← Proportionate share of the cumulative amount on a partial disposal

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedNot filled in this instance
• Reclassification entry balancedPass

Assets

-40,000

Liabilities

0

Profit or loss

160,000

OCI

-160,000

Equity

-40,000

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

• Disposal transaction: date, percentage sold, control retained or lost

  Text

  VENTE_D_UNE_PARTIE_DE_LA_PARTICIPATION_SANS_PERTE_DE_CONTROLE

• Net investment balance translated at the closing rate (case data)

  Number

• Carrying amount of the balance before the difference

  Number

• Cumulative translation differences of the operation

  Number

  90,000

• Percentage held by non-controlling interests (in %)

  Number

• Percentage of the interest sold (in %)

  Number

  30 %

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  0

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  27,000

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Debit Exchange gain removed from profit or loss ← Exchange difference on the item forming part of the net investment ; Credit Translation reserve ← Exchange difference on the item forming part of the net investment

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Debit Translation reserve ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share) ; Credit Gain on disposal (reclassification component) ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Debit Non-controlling interests ← Share of the cumulative amount attributable to non-controlling interests ; Credit Net assets of the foreign operation ← Share of the cumulative amount attributable to non-controlling interests

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Account	Debit	Credit
  Translation reserve	27,000
  Non-controlling interests		27,000

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

  VENTE_REDUISANT_LA_PARTICIPATION_DANS_UNE_FILIALE_ETRANGERE

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedNot filled in this instance
• Reclassification entry balancedNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

-27,000

Equity

0

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

  PRET_EN_NOK_REGLEMENT_NI_PLANIFIE_NI_PROBABLE

• Disposal transaction: date, percentage sold, control retained or lost

  Text

• Net investment balance translated at the closing rate (case data)

  Number

  380,000

• Carrying amount of the balance before the difference

  Number

  360,000

• Cumulative translation differences of the operation

  Number

• Percentage held by non-controlling interests (in %)

  Number

• Percentage of the interest sold (in %)

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  20,000

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Account	Debit	Credit
  Exchange gain removed from profit or loss	20,000
  Translation reserve		20,000

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Debit Translation reserve ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share) ; Credit Gain on disposal (reclassification component) ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Debit Non-controlling interests ← Share of the cumulative amount attributable to non-controlling interests ; Credit Net assets of the foreign operation ← Share of the cumulative amount attributable to non-controlling interests

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Debit Translation reserve ← Proportionate share of the cumulative amount on a partial disposal ; Credit Non-controlling interests ← Proportionate share of the cumulative amount on a partial disposal

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

  DECISION_DU_CONSEIL_SANS_REMBOURSEMENT_PREVU

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedPass
• Reclassification entry balancedNot evaluated

Assets

0

Liabilities

0

Profit or loss

-20,000

OCI

20,000

Equity

0

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

• Disposal transaction: date, percentage sold, control retained or lost

  Text

  VENTE_DE_LA_TOTALITE_DE_LA_FILIALE

• Net investment balance translated at the closing rate (case data)

  Number

• Carrying amount of the balance before the difference

  Number

• Cumulative translation differences of the operation

  Number

  120,000

• Percentage held by non-controlling interests (in %)

  Number

  0 %

• Percentage of the interest sold (in %)

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  0

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  0

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  120,000

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Debit Exchange gain removed from profit or loss ← Exchange difference on the item forming part of the net investment ; Credit Translation reserve ← Exchange difference on the item forming part of the net investment

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Account	Debit	Credit
  Translation reserve	120,000
  Gain on disposal (reclassification component)		120,000

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Debit Non-controlling interests ← Share of the cumulative amount attributable to non-controlling interests ; Credit Net assets of the foreign operation ← Share of the cumulative amount attributable to non-controlling interests

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Debit Translation reserve ← Proportionate share of the cumulative amount on a partial disposal ; Credit Non-controlling interests ← Proportionate share of the cumulative amount on a partial disposal

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedNot filled in this instance
• Reclassification entry balancedPass

Assets

0

Liabilities

0

Profit or loss

120,000

OCI

-120,000

Equity

0

• Balances concerned: nature, currency, maturity and settlement intentions

  Text

• Disposal transaction: date, percentage sold, control retained or lost

  Text

  VENTE_PARTIELLE_SANS_PERTE_DE_CONTROLE

• Net investment balance translated at the closing rate (case data)

  Number

• Carrying amount of the balance before the difference

  Number

• Cumulative translation differences of the operation

  Number

  75,000

• Percentage held by non-controlling interests (in %)

  Number

• Percentage of the interest sold (in %)

  Number

  40 %

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 21 §15IAS 21 §32IAS 21 §33IAS 21 §41IAS 21 §48IAS 21 §48AIAS 21 §48BIAS 21 §48CIAS 21 §48DIAS 21 §49IAS 21

• Points reviewed: net investment and disposal

  ChecklistRequired

  • Monetary item whose settlement is neither planned nor likely in the foreseeable future
  • Separate statements: difference in profit or loss
  • Consolidated statements: difference in other comprehensive income
  • Cumulative amount reclassified from equity to profit or loss when the gain or loss on disposal is recognised
  • Loss of control treated as a disposal, even if an interest is retained
  • Non-controlling interests share derecognised, not reclassified to profit or loss
  • Partial disposal: proportionate share reattributed (no loss of control) or reclassified (other cases)
  • Scope of "any reduction of the interest": judgement, diverse practice
  • Write-down without disposal: no partial disposal and no reclassification
  • Differences accumulated before hyperinflation: kept in equity until disposal

IAS 21 §32IAS 21 §41IAS 21 §48IAS 21 §48BIAS 21 §48C

• Exchange difference on the item forming part of the net investment

  CalculationRequired

  0

  Net investment balance translated at the closing rate (case data) ; − Carrying amount of the balance before the difference

• Share of the cumulative amount attributable to non-controlling interests

  CalculationRequired

  Cumulative translation differences of the operation ; Percentage held by non-controlling interests (in %)

• Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

  CalculationRequired

  Cumulative translation differences of the operation ; − Share of the cumulative amount attributable to non-controlling interests

• Proportionate share of the cumulative amount on a partial disposal

  CalculationRequired

  30,000

  Cumulative translation differences of the operation ; Percentage of the interest sold (in %)

• Consolidation entry: net investment difference moved from profit or loss to other comprehensive income

  Entry

  Debit Exchange gain removed from profit or loss ← Exchange difference on the item forming part of the net investment ; Credit Translation reserve ← Exchange difference on the item forming part of the net investment

• Entry: reclassification of the cumulative amount to profit or loss on disposal

  Entry

  Debit Translation reserve ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share) ; Credit Gain on disposal (reclassification component) ← Amount reclassified to profit or loss on disposal (cumulative amount less non-controlling interests share)

• Entry: non-controlling interests share derecognised on disposal

  Entry

  Debit Non-controlling interests ← Share of the cumulative amount attributable to non-controlling interests ; Credit Net assets of the foreign operation ← Share of the cumulative amount attributable to non-controlling interests

• Entry: proportionate share of the cumulative amount reattributed to non-controlling interests (partial disposal)

  Entry

  Account	Debit	Credit
  Translation reserve	30,000
  Non-controlling interests		30,000

IAS 21 §15IAS 21 §48DIAS 21 §48C

• Planned or likely settlement of the balance

  JudgmentRequired

  Settlement neither planned nor likely: net investment / Settlement planned or likely: outside the net investment

  Professional judgement: intention and likelihood of settlement rest on documented facts (decisions, plans, history); no period or numerical threshold is imposed.

• Rationale: facts relied on, analysis, alternative rejected

  Text

• Scope of the partial disposal

  JudgmentRequired

  Reduction of the interest treated as a partial disposal

  Reduction of the interest treated as a partial disposal / Transaction not treated as a partial disposal

  Professional judgement: practice is diverse on the scope of "any reduction of the interest"; the treatment retained is justified and applied consistently, without a numerical threshold.

• Rationale for the scope retained

  Text

  VENTE_REDUISANT_LA_PARTICIPATION_DANS_UNE_FILIALE_ETRANGERE

• Effect derived from the entries

  Table

IAS 21 §52IAS 21 §48

• Points to complete

  ChecklistRequired

  • Net differences in other comprehensive income, accumulated in a separate component
  • Reconciliation of opening and closing balances, reclassifications included

• Paragraphs cited in this workpaper and their verification status

  References

• Judgement on settlement documentedNot filled in this instance
• Reclassification entry balancedNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

-30,000

Equity

0