CERTYNEX IFRS ACADEMY

During the period, Atlas, which was an investment entity, ceased to meet the conditions for that status (case facts). What disclosure does IFRS 12 require in this respect?

No particular disclosure, the loss of status falling under IFRS 10 and calling for no explanation in the financial statements of the period.

It discloses this change of status and explains the reasons for it, in addition to the information on the significant judgements concerning its status.

It discloses the change without explaining the reasons, these belonging to management's discussions with its auditors.

It provides the information specific to investment entities for the periods before the change, the current period being exempted.