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IFRS 12Workpapers (Step 4 of 5)

Workpaper assignment

Step 4 of 5
Mission · workpaperWorkpaper · IFRS 12L3 · Advanced

Documents

Group profile and case conventions

Memo

Group profile and case conventions

Taleron Group SA (fictitious entity) closes its consolidated accounts on 31 December 20X6. Case conventions: amounts in EUR; case convention (pedagogical assumption, not attributed to IFRS 12): the total gain on loss of control of Ebrel is a datum under IFRS 10; the exemption from summarised financial information for interests held for sale applies to the year; the support to Vitrine is voluntary; the entry is illustrative.

Disclosures on subsidiaries: material non-controlling interests, summarised information, restrictions, changes in ownership and loss of control: Ebrel — loss of control

Change in ownership without loss of control and loss of control: table of the effects on equity, gain attributable to the remeasurement, consolidated structured entity and interest held for sale

6 documents8 sections to document
0 / 5 sections completed
Guided mode

Section 1 of 8

Objective

In progress
Section brief
What to document
The engagement, its scope and the working mode chosen.
Why
A workpaper answers one precise question: framing it avoids off-topic work.
How
Read the objective and the assignment, then choose the mode (guided, semi-guided, professional).
Expected result
You know which question the workpaper must settle, and for which reporting date.
Your role
Preparer of the IFRS 12 workpaper
Level
Advanced
Estimated time
≈ 75 min
Progress
0 / 4 steps done (review excluded)

Context

Taleron Group SA (fictitious entity) bought in 20X6 shares of Dorval SA from third parties without losing control, lost control of Ebrel SA while keeping 20 %, supports a consolidated structured entity and classifies an associate as held for sale. You prepare the corresponding IFRS 12 disclosures.

Assignment

Dorval and Ebrel

Purpose of the workpaper

List, for each subsidiary, the profit, the share of third parties, the dividends and the accumulated balance of the non-controlling interests, then prepare the summarised information (before intragroup eliminations), the restrictions and the effects of changes in ownership. Percentages, dividends and amounts are case data; the accounting belongs to IFRS 10, IFRS 12 governs the disclosure.

Questions of the file covered by this workpaper

  • Dorval: what is the nature of the purchase from third parties, and which IFRS 12 schedule must be presented?
  • Dorval: compute the effect on the equity attributable to the owners of the parent.
  • Record the purchase of non-controlling interests of Dorval.
  • Ebrel: compute the part of the gain attributable to the remeasurement of the retained investment.
  • Ebrel: what must be presented about the gain on loss of control?

Documents in the file

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