CERTYNEX IFRS ACADEMY

Vexin SA is 100% owned by Vexin Holding. During the year, Vexin SA entered into no transaction with Vexin Holding and has no balance with it. The controller hesitates to mention the parent in the related party note. What should be done?

Not mention the parent, since the entity has neither a transaction nor a balance with it.

Mention the parent in the group's consolidated financial statements, not in those of Vexin SA.

Mention the parent if a balance exists at year-end.

Disclose the relationship with the parent and its name, even without transactions.