CERTYNEX IFRS ACADEMY

Sirène SA holds 45% of the voting rights of Mer SA; the other rights are spread among many small holders, none of whom holds more than 3% (case facts). Based on these facts, Sirène has concluded that it controls Mer. What does IFRS 12 ask of Sirène?

To refrain from explaining the judgement as long as its holding stays below half of the voting rights, the holding determining control.

To present the 45% as the standard's threshold for control, applicable to all entities whose voting rights are dispersed.

To provide Mer's summarised financial information, the judgement on control being exempted for an entity whose voting rights are dispersed.

To explain the significant judgement that led it to conclude on control despite holding less than half of the voting rights.