CERTYNEX IFRS ACADEMY

Orbane SA, the parent of a group, is preparing its stock market flotation. It has just filed its financial statements with the financial markets authority in order to issue ordinary shares in a public market; its shares are not yet traded. Does Orbane fall within the scope of IAS 33 for its separate and consolidated financial statements?

No, as long as its ordinary shares are not traded in a public market, even if the filing with the regulator is already advanced and the issue planned shortly.

No, because a filing with a securities regulator is not among the criteria for applying the standard, whether or not the entity prepares consolidated financial statements.

Yes, but the standard then applies to its consolidated financial statements and not to its separate financial statements, which remain outside the scope.

Yes, for its separate and its consolidated financial statements, since filing with a view to a public issue of ordinary shares meets the criterion.