IFRS 10Workpapers (Step 4 of 5)

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WorkpaperIFRS 10 — Consolidated Financial StatementsL3 · L4

Loss of control of a subsidiary: derecognition, fair value of the retained interest, gain or loss, other comprehensive income reclassified, multiple arrangements and the retained interest

3 missions9 sections to document75 min

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Status: Published

Objective of the workpaper

List the assets (goodwill included), liabilities and non-controlling interests derecognised, the consideration received and the fair value of the retained interest, then compute the gain or loss, the reclassification of other comprehensive income and the part of the gain relating to the remeasurement of the retained interest. Fair values are case data; the assessment of multiple arrangements remains a judgment.

9 sections · 27 blocks · 5 calculations · 2 entries

IFRS 10 §25
IFRS 10 §B98
IFRS 10 §B97
IFRS 10 §B99

Work this workpaper as a mission

Each case that uses this template opens in the mission workspace: data, analysis, calculation, entries, conclusion and review, with your progress saved.

3 instances from the cases: the calculations and entries below are run by the calculation engine.

File and entity

Loss of control with a retained associate (IFRS 10 + IAS 28 interaction): derecognition, fair value of the retained interest, gain, reclassification of other comprehensive income, multiple arrangements and the 2014 amendments

Case tasks documented here

Sorvane: do the two sale contracts form a single transaction? On which date is control lost?
Sorvane: compute the carrying amount of the net assets derecognised (goodwill included).
Sorvane: compute the gain on loss of control before reclassification of other comprehensive income.
Sorvane: identify the part of the gain relating to the remeasurement of the retained interest to fair value.
Sorvane: compute the amount of other comprehensive income reclassified to profit or loss and state what happens to the non-reclassifiable reserve.
Sorvane: how is the retained 30 % interest treated after the loss of control? Which value serves as the cost for the equity method?
Fonds Cyrene: after the sale and the arrival of Caisse Norde, is Haltrey Gestion still a principal? What is the effect on control and on which date?
Fonds Cyrene: compute the carrying amount of the net assets derecognised.
Fonds Cyrene: compute the gain or loss on the loss of control.
Fonds Cyrene: how is the retained 12 % interest treated? Which value to give it and under which standard afterwards?
Record the derecognition of Sorvane with a gain and the retained interest at fair value.
Record the reclassification to profit or loss of Sorvane’s other comprehensive income.
Record the derecognition of Fonds Cyrene with a loss and the retained interest at fair value.

Facts and data

Inputs

Loss of control: date, transactions entered into, retained interest and any influence
TextRequired
SALE_OF_FIFTY_POINTS_UNDER_TWO_LINKED_CONTRACTS_THIRTY_PERCENT_RETAINED
Assets of the subsidiary derecognised, goodwill excluded
Number
3,800,000
Goodwill of the subsidiary derecognised
Number
400,000
Liabilities of the subsidiary derecognised
Number
1,700,000
Carrying amount of the non-controlling interests derecognised
Number
420,000
Fair value of the consideration received
Number
1,500,000
Fair value of the retained interest at the date of loss of control
Number
900,000
Consolidated carrying amount of the interest retained at the date control is lost
Number
Accumulated other comprehensive income reclassifiable to profit or loss
Number
150,000
Accumulated other comprehensive income not reclassifiable (transferred within equity)
Number
60,000
Part of the gain or loss relating to the remeasurement of the retained interest to fair value
Number
120,000
Arrangements: transactions entered into at the same time or in contemplation of each other, interdependence, joint economic effect
Text
SECOND_CONTRACT_CONDITIONAL_ON_THE_FIRST_PRICE_MAKES_SENSE_ONLY_TOGETHER
Nature of the retained interest: associate, joint venture or financial asset
Text
ASSOCIATE_WITH_TWO_BOARD_SEATS_AND_POLICY_PARTICIPATION

Supporting documents

Evidence

Documents obtained and referenced (sale agreements, valuation of the retained interest, subsidiary statements, schedule of other comprehensive income)
EvidenceRequired

Analysis of the loss of control

Analysis

IFRS 10 §25IFRS 10 §B98IFRS 10 §B97IFRS 10 §B99IFRS 10IFRS 10IFRS 10

Points reviewed: loss of control
ChecklistRequired
- Date of loss of control determined from the facts, even without a sale
- Assets and liabilities of the former subsidiary (goodwill included) and non-controlling interests derecognised
- Consideration received and retained interest recognised at fair value
- Gain or loss on the loss of control recognised in profit or loss
- Part of the gain relating to the remeasurement of the retained interest identified
- Other comprehensive income accounted for as if the assets and liabilities had been disposed of directly
- Multiple arrangements examined: a single transaction or several
- Retained interest becoming an associate: its fair value is the cost for the equity method
- Retained interest without significant influence: financial asset at its initial fair value
- Sale to an associate or joint venture: 2014 amendments with a deferred effective date, not applied

Calculations

IFRS 10 §B98IFRS 10 §B99

Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Calculation
2,500,000
Assets of the subsidiary derecognised, goodwill excluded ; Goodwill of the subsidiary derecognised ; − Liabilities of the subsidiary derecognised
Gain on loss of control before reclassification of other comprehensive income (positive part)
Calculation
320,000
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Loss on loss of control before reclassification of other comprehensive income (negative part)
Calculation
0
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Amount reclassified to profit or loss (reclassifiable other comprehensive income)
Calculation
150,000
Accumulated other comprehensive income reclassifiable to profit or loss
Other comprehensive income not reclassifiable transferred within equity, with no effect on profit or loss
Calculation
60,000
Accumulated other comprehensive income not reclassifiable (transferred within equity)

Illustrative entries

Entries

Entry: derecognition of the subsidiary, retained interest at fair value, gain or loss

Entry

Account	Debit	Credit
Cash received	1,500,000
Retained interest at fair value	900,000
Non-controlling interests derecognised	420,000
Liabilities of the subsidiary derecognised	1,700,000
Assets of the subsidiary derecognised		3,800,000
Goodwill derecognised		400,000
Gain on loss of control		320,000

Entry: reclassification of other comprehensive income to profit or loss
Entry
Account Debit Credit
Other comprehensive income reserve (released) 150,000
Gain reclassified to profit or loss 150,000

Account	Debit	Credit
Other comprehensive income reserve (released)	150,000
Gain reclassified to profit or loss		150,000

Judgment: multiple arrangements

Judgment

IFRS 10 §B97

Multiple arrangements
JudgmentRequired
The arrangements are accounted for as a single transaction at the date of loss of control
The arrangements are accounted for as a single transaction at the date of loss of control / The transactions are independent and accounted for separately / Not applicable: a single transaction
Professional judgment: the criteria are indicators weighed together, with no threshold or time limit imposed.
Rationale: terms, joint economic effect, interdependence of the transactions
Text
TERMS_JOINT_ECONOMIC_EFFECT_AND_INTERDEPENDENCE

Effect on the financial statements

FS impact

Effect derived from the entries
Table

Conclusion

Gain or loss on the loss of control, derecognition entry and treatment of the retained interest, fair values being case data
ConclusionRequired

Normative references

References

Normative references cited in this workpaper
References

Checks and financial statement impact

Loss of control describedPass
Multiple arrangements judgedPass
Derecognition entry balancedPass
Reclassification entry balancedPass
Fair value of the retained interest = carrying amount of the interest retained + part of the gain from the remeasurementNot evaluated

Assets: -1,800,000
Liabilities: -1,700,000
Profit or loss: 470,000
OCI: -150,000
Equity: -100,000

File and entity

Case tasks documented here

Sorvane: do the two sale contracts form a single transaction? On which date is control lost?
Sorvane: compute the carrying amount of the net assets derecognised (goodwill included).
Sorvane: compute the gain on loss of control before reclassification of other comprehensive income.
Sorvane: identify the part of the gain relating to the remeasurement of the retained interest to fair value.
Sorvane: compute the amount of other comprehensive income reclassified to profit or loss and state what happens to the non-reclassifiable reserve.
Sorvane: how is the retained 30 % interest treated after the loss of control? Which value serves as the cost for the equity method?
Fonds Cyrene: after the sale and the arrival of Caisse Norde, is Haltrey Gestion still a principal? What is the effect on control and on which date?
Fonds Cyrene: compute the carrying amount of the net assets derecognised.
Fonds Cyrene: compute the gain or loss on the loss of control.
Fonds Cyrene: how is the retained 12 % interest treated? Which value to give it and under which standard afterwards?
Record the derecognition of Sorvane with a gain and the retained interest at fair value.
Record the reclassification to profit or loss of Sorvane’s other comprehensive income.
Record the derecognition of Fonds Cyrene with a loss and the retained interest at fair value.

Facts and data

Inputs

Loss of control: date, transactions entered into, retained interest and any influence
TextRequired
SALE_OF_EIGHTY_EIGHT_PERCENT_OF_THE_UNITS_TWELVE_PERCENT_RETAINED
Assets of the subsidiary derecognised, goodwill excluded
Number
5,200,000
Goodwill of the subsidiary derecognised
Number
Liabilities of the subsidiary derecognised
Number
200,000
Carrying amount of the non-controlling interests derecognised
Number
Fair value of the consideration received
Number
4,356,000
Fair value of the retained interest at the date of loss of control
Number
600,000
Consolidated carrying amount of the interest retained at the date control is lost
Number
Accumulated other comprehensive income reclassifiable to profit or loss
Number
Accumulated other comprehensive income not reclassifiable (transferred within equity)
Number
Part of the gain or loss relating to the remeasurement of the retained interest to fair value
Number
Arrangements: transactions entered into at the same time or in contemplation of each other, interdependence, joint economic effect
Text
SINGLE_SALE_OF_UNITS_ON_31_MARCH
Nature of the retained interest: associate, joint venture or financial asset
Text
FINANCIAL_ASSET_NO_SIGNIFICANT_INFLUENCE

Supporting documents

Evidence

Documents obtained and referenced (sale agreements, valuation of the retained interest, subsidiary statements, schedule of other comprehensive income)
EvidenceRequired

Analysis of the loss of control

Analysis

IFRS 10 §25IFRS 10 §B98IFRS 10 §B97IFRS 10 §B99IFRS 10IFRS 10IFRS 10

Points reviewed: loss of control
ChecklistRequired
- Date of loss of control determined from the facts, even without a sale
- Assets and liabilities of the former subsidiary (goodwill included) and non-controlling interests derecognised
- Consideration received and retained interest recognised at fair value
- Gain or loss on the loss of control recognised in profit or loss
- Part of the gain relating to the remeasurement of the retained interest identified
- Other comprehensive income accounted for as if the assets and liabilities had been disposed of directly
- Multiple arrangements examined: a single transaction or several
- Retained interest becoming an associate: its fair value is the cost for the equity method
- Retained interest without significant influence: financial asset at its initial fair value
- Sale to an associate or joint venture: 2014 amendments with a deferred effective date, not applied

Calculations

IFRS 10 §B98IFRS 10 §B99

Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Calculation
5,000,000
Assets of the subsidiary derecognised, goodwill excluded ; Goodwill of the subsidiary derecognised ; − Liabilities of the subsidiary derecognised
Gain on loss of control before reclassification of other comprehensive income (positive part)
Calculation
0
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Loss on loss of control before reclassification of other comprehensive income (negative part)
Calculation
44,000
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Amount reclassified to profit or loss (reclassifiable other comprehensive income)
Calculation
0
Accumulated other comprehensive income reclassifiable to profit or loss
Other comprehensive income not reclassifiable transferred within equity, with no effect on profit or loss
Calculation
0
Accumulated other comprehensive income not reclassifiable (transferred within equity)

Illustrative entries

Entries

Entry: derecognition of the subsidiary, retained interest at fair value, gain or loss

Entry

Account	Debit	Credit
Cash received	4,356,000
Retained interest at fair value	600,000
Liabilities of the subsidiary derecognised	200,000
Loss on loss of control	44,000
Assets of the subsidiary derecognised		5,200,000

Entry: reclassification of other comprehensive income to profit or loss
Entry
Debit Other comprehensive income reserve (released) ← Amount reclassified to profit or loss (reclassifiable other comprehensive income) ; Credit Gain reclassified to profit or loss ← Amount reclassified to profit or loss (reclassifiable other comprehensive income)

Judgment: multiple arrangements

Judgment

IFRS 10 §B97

Multiple arrangements
JudgmentRequired
Not applicable: a single transaction
The arrangements are accounted for as a single transaction at the date of loss of control / The transactions are independent and accounted for separately / Not applicable: a single transaction
Professional judgment: the criteria are indicators weighed together, with no threshold or time limit imposed.
Rationale: terms, joint economic effect, interdependence of the transactions
Text
A_SINGLE_TRANSACTION_ON_ONE_DATE

Effect on the financial statements

FS impact

Effect derived from the entries
Table

Conclusion

Gain or loss on the loss of control, derecognition entry and treatment of the retained interest, fair values being case data
ConclusionRequired

Normative references

References

Normative references cited in this workpaper
References

Checks and financial statement impact

Loss of control describedPass
Multiple arrangements judgedPass
Derecognition entry balancedPass
Reclassification entry balancedNot evaluated
Fair value of the retained interest = carrying amount of the interest retained + part of the gain from the remeasurementNot evaluated

Assets: -244,000
Liabilities: -200,000
Profit or loss: -44,000
OCI: 0
Equity: -44,000

File and entity

Group file: control, consolidation and non-controlling interests, change in ownership without loss of control and loss of control with a retained interest (IFRS 10)

Case tasks documented here

Sevrane: does the sale under a single contract cause a loss of control, and on which date?
Sevrane: compute the carrying amount of the net assets derecognised (goodwill included).
Sevrane: compute the gain on loss of control before reclassification of other comprehensive income.
Sevrane: identify the part of the gain relating to the remeasurement of the retained interest to fair value.
Sevrane: compute the amount of other comprehensive income reclassified to profit or loss and state what happens to the non-reclassifiable reserve.
Sevrane: how is the retained 30 % interest treated after the loss of control, and which value is the starting point for its later accounting as an associate?
Record the derecognition of Sevrane with a gain and the retained interest at fair value.
Record the reclassification to profit or loss of Sevrane’s other comprehensive income.

Facts and data

Inputs

Loss of control: date, transactions entered into, retained interest and any influence
TextRequired
SALE_OF_FIFTY_POINTS_UNDER_A_SINGLE_CONTRACT_THIRTY_PERCENT_RETAINED
Assets of the subsidiary derecognised, goodwill excluded
Number
6,000,000
Goodwill of the subsidiary derecognised
Number
500,000
Liabilities of the subsidiary derecognised
Number
2,200,000
Carrying amount of the non-controlling interests derecognised
Number
900,000
Fair value of the consideration received
Number
2,100,000
Fair value of the retained interest at the date of loss of control
Number
1,500,000
Consolidated carrying amount of the interest retained at the date control is lost
Number
1,290,000
Accumulated other comprehensive income reclassifiable to profit or loss
Number
90,000
Accumulated other comprehensive income not reclassifiable (transferred within equity)
Number
30,000
Part of the gain or loss relating to the remeasurement of the retained interest to fair value
Number
210,000
Arrangements: transactions entered into at the same time or in contemplation of each other, interdependence, joint economic effect
Text
SINGLE_SALE_CONTRACT_ON_30_NOVEMBER
Nature of the retained interest: associate, joint venture or financial asset
Text
ASSOCIATE_WITH_TWO_BOARD_SEATS_AND_POLICY_PARTICIPATION

Supporting documents

Evidence

Documents obtained and referenced (sale agreements, valuation of the retained interest, subsidiary statements, schedule of other comprehensive income)
EvidenceRequired

Analysis of the loss of control

Analysis

IFRS 10 §25IFRS 10 §B98IFRS 10 §B97IFRS 10 §B99IFRS 10IFRS 10IFRS 10

Points reviewed: loss of control
ChecklistRequired
- Date of loss of control determined from the facts, even without a sale
- Assets and liabilities of the former subsidiary (goodwill included) and non-controlling interests derecognised
- Consideration received and retained interest recognised at fair value
- Gain or loss on the loss of control recognised in profit or loss
- Part of the gain relating to the remeasurement of the retained interest identified
- Other comprehensive income accounted for as if the assets and liabilities had been disposed of directly
- Multiple arrangements examined: a single transaction or several
- Retained interest becoming an associate: its fair value is the cost for the equity method
- Retained interest without significant influence: financial asset at its initial fair value
- Sale to an associate or joint venture: 2014 amendments with a deferred effective date, not applied

Calculations

IFRS 10 §B98IFRS 10 §B99

Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Calculation
4,300,000
Assets of the subsidiary derecognised, goodwill excluded ; Goodwill of the subsidiary derecognised ; − Liabilities of the subsidiary derecognised
Gain on loss of control before reclassification of other comprehensive income (positive part)
Calculation
200,000
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Loss on loss of control before reclassification of other comprehensive income (negative part)
Calculation
0
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Amount reclassified to profit or loss (reclassifiable other comprehensive income)
Calculation
90,000
Accumulated other comprehensive income reclassifiable to profit or loss
Other comprehensive income not reclassifiable transferred within equity, with no effect on profit or loss
Calculation
30,000
Accumulated other comprehensive income not reclassifiable (transferred within equity)

Illustrative entries

Entries

Entry: derecognition of the subsidiary, retained interest at fair value, gain or loss

Entry

Account	Debit	Credit
Cash received	2,100,000
Retained interest at fair value	1,500,000
Non-controlling interests derecognised	900,000
Liabilities of the subsidiary derecognised	2,200,000
Assets of the subsidiary derecognised		6,000,000
Goodwill derecognised		500,000
Gain on loss of control		200,000

Entry: reclassification of other comprehensive income to profit or loss
Entry
Account Debit Credit
Other comprehensive income reserve (released) 90,000
Gain reclassified to profit or loss 90,000

Account	Debit	Credit
Other comprehensive income reserve (released)	90,000
Gain reclassified to profit or loss		90,000

Judgment: multiple arrangements

Judgment

IFRS 10 §B97

Multiple arrangements
JudgmentRequired
Not applicable: a single transaction
The arrangements are accounted for as a single transaction at the date of loss of control / The transactions are independent and accounted for separately / Not applicable: a single transaction
Professional judgment: the criteria are indicators weighed together, with no threshold or time limit imposed.
Rationale: terms, joint economic effect, interdependence of the transactions
Text
A_SINGLE_TRANSACTION_ON_ONE_DATE

Effect on the financial statements

FS impact

Effect derived from the entries
Table

Conclusion

Gain or loss on the loss of control, derecognition entry and treatment of the retained interest, fair values being case data
ConclusionRequired

Normative references

References

Normative references cited in this workpaper
References

Checks and financial statement impact

Loss of control describedPass
Multiple arrangements judgedPass
Derecognition entry balancedPass
Reclassification entry balancedPass
Fair value of the retained interest = carrying amount of the interest retained + part of the gain from the remeasurementPass

Assets: -2,900,000
Liabilities: -2,200,000
Profit or loss: 290,000
OCI: -90,000
Equity: -700,000

Facts and data

Inputs

Loss of control: date, transactions entered into, retained interest and any influence
TextRequired
Assets of the subsidiary derecognised, goodwill excluded
Number
Goodwill of the subsidiary derecognised
Number
Liabilities of the subsidiary derecognised
Number
Carrying amount of the non-controlling interests derecognised
Number
Fair value of the consideration received
Number
Fair value of the retained interest at the date of loss of control
Number
Consolidated carrying amount of the interest retained at the date control is lost
Number
Accumulated other comprehensive income reclassifiable to profit or loss
Number
Accumulated other comprehensive income not reclassifiable (transferred within equity)
Number
Part of the gain or loss relating to the remeasurement of the retained interest to fair value
Number
Arrangements: transactions entered into at the same time or in contemplation of each other, interdependence, joint economic effect
Text
Nature of the retained interest: associate, joint venture or financial asset
Text

Supporting documents

Evidence

Documents obtained and referenced (sale agreements, valuation of the retained interest, subsidiary statements, schedule of other comprehensive income)
EvidenceRequired

Analysis of the loss of control

Analysis

IFRS 10 §25IFRS 10 §B98IFRS 10 §B97IFRS 10 §B99IFRS 10IFRS 10IFRS 10

Points reviewed: loss of control
ChecklistRequired
- Date of loss of control determined from the facts, even without a sale
- Assets and liabilities of the former subsidiary (goodwill included) and non-controlling interests derecognised
- Consideration received and retained interest recognised at fair value
- Gain or loss on the loss of control recognised in profit or loss
- Part of the gain relating to the remeasurement of the retained interest identified
- Other comprehensive income accounted for as if the assets and liabilities had been disposed of directly
- Multiple arrangements examined: a single transaction or several
- Retained interest becoming an associate: its fair value is the cost for the equity method
- Retained interest without significant influence: financial asset at its initial fair value
- Sale to an associate or joint venture: 2014 amendments with a deferred effective date, not applied

Calculations

IFRS 10 §B98IFRS 10 §B99

Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Calculation
Assets of the subsidiary derecognised, goodwill excluded ; Goodwill of the subsidiary derecognised ; − Liabilities of the subsidiary derecognised
Gain on loss of control before reclassification of other comprehensive income (positive part)
Calculation
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Loss on loss of control before reclassification of other comprehensive income (negative part)
Calculation
Fair value of the consideration received ; Fair value of the retained interest at the date of loss of control ; Carrying amount of the non-controlling interests derecognised ; − Carrying amount of the net assets derecognised (assets + goodwill − liabilities)
Amount reclassified to profit or loss (reclassifiable other comprehensive income)
Calculation
Accumulated other comprehensive income reclassifiable to profit or loss
Other comprehensive income not reclassifiable transferred within equity, with no effect on profit or loss
Calculation
Accumulated other comprehensive income not reclassifiable (transferred within equity)

Illustrative entries

Entries

Entry: derecognition of the subsidiary, retained interest at fair value, gain or loss
Entry
Debit Cash received ← Fair value of the consideration received ; Debit Retained interest at fair value ← Fair value of the retained interest at the date of loss of control ; Debit Non-controlling interests derecognised ← Carrying amount of the non-controlling interests derecognised ; Debit Liabilities of the subsidiary derecognised ← Liabilities of the subsidiary derecognised ; Debit Loss on loss of control ← Loss on loss of control before reclassification of other comprehensive income (negative part) ; Credit Assets of the subsidiary derecognised ← Assets of the subsidiary derecognised, goodwill excluded ; Credit Goodwill derecognised ← Goodwill of the subsidiary derecognised ; Credit Gain on loss of control ← Gain on loss of control before reclassification of other comprehensive income (positive part)
Entry: reclassification of other comprehensive income to profit or loss
Entry
Debit Other comprehensive income reserve (released) ← Amount reclassified to profit or loss (reclassifiable other comprehensive income) ; Credit Gain reclassified to profit or loss ← Amount reclassified to profit or loss (reclassifiable other comprehensive income)

Judgment: multiple arrangements

Judgment

IFRS 10 §B97

Multiple arrangements
JudgmentRequired
The arrangements are accounted for as a single transaction at the date of loss of control / The transactions are independent and accounted for separately / Not applicable: a single transaction
Professional judgment: the criteria are indicators weighed together, with no threshold or time limit imposed.
Rationale: terms, joint economic effect, interdependence of the transactions
Text

Effect on the financial statements

FS impact

Effect derived from the entries
Table

Conclusion

Gain or loss on the loss of control, derecognition entry and treatment of the retained interest, fair values being case data
ConclusionRequired

Normative references

References

Normative references cited in this workpaper
References