CERTYNEX IFRS ACADEMY

Orion SA has concluded that it has significant influence over Vega SA, and it also holds an interest in a joint arrangement run through a separate vehicle with another investor, for which it had to determine the type (case facts). Which significant judgements must it explain?

The judgement on significant influence over Vega, the type of joint arrangement not having to be explained since it results from the vehicle's legal form.

The judgement on the type of joint arrangement, significant influence not having to be explained since the interest in Vega is not a subsidiary.

The judgement that led it to conclude on significant influence over Vega, and the one on the type of joint arrangement structured through the separate vehicle.

Neither of them, the conclusions on joint control and significant influence belonging to the entity's separate financial statements alone.