CERTYNEX IFRS ACADEMY

Altair Fonds is an investment entity that measures its subsidiary Altair Opérations at fair value through profit or loss. How are transactions and balances between Altair Fonds and this subsidiary treated with regard to intragroup elimination?

They are eliminated like an ordinary intragroup transaction, the subsidiary belonging to the same group.

They are presented nowhere, since they concern entities of the same group.

They are eliminated if their amount is below a threshold set by the standard.

They are not eliminated: the elimination exception targets precisely these transactions and balances.