CERTYNEX IFRS ACADEMY

A colleague writes: "The summarised information of our two material associates can be grouped in a single table, because local regulation makes it difficult to publish one of them separately." What is the error in this reasoning?

It forgets that grouping is permitted for listed associates, but that the local constraint must be documented in the notes.

It forgets that summarised information is provided individually for each material associate, without aggregation, the standard providing no exemption for a local constraint.

It confuses summarised information with quoted fair value, which may be grouped, the standard reserving individual information for joint ventures.

It overlooks that the local constraint exempts from summarised information, the standard leaving local law to fix what is published.