CERTYNEX IFRS ACADEMY

Delta SA and Omega SA are each a joint venture of the company Zénith. Delta prepares financial statements. Is Omega a related party of Delta?

No: Delta and Omega do not have a direct relationship with each other.

No: entities controlled by Zénith could be related to each other, which is not the case here.

Yes: two joint ventures of the same third party are related to each other.

Yes, provided Delta and Omega have entered into transactions with each other.