CERTYNEX IFRS ACADEMY

Which conditions must be met for a parent to be exempt from presenting consolidated financial statements? More than one answer is possible.

It is 100% owned by a single shareholder.

It has not filed, and is not in the process of filing, its financial statements with a regulator for the purpose of issuing instruments in a public market.

Its debt or equity instruments are not traded in a public market.

Its ultimate parent, or an intermediate parent, publishes consolidated financial statements that comply with IFRS and are available for public use.

Meeting one of these exemption conditions is enough to be exempt.