CERTYNEX IFRS ACADEMY

Gamma SA holds an interest in a securitisation fund, a structured entity that it does not consolidate (case facts). What is the objective of the information that IFRS 12 asks it to provide in this respect?

To enable an understanding of the nature and extent of its interest in the fund and an evaluation of the nature and evolution of the associated risks.

To make it possible to know whether Gamma must consolidate the fund, by assessing whether it has power, exposure to returns and the link between the two.

To set the measurement method for Gamma's interest in the fund, between fair value and the equity method depending on its significance.

To limit the information to the credit risks of the securitised assets, the fund's other risks falling under its own financial statements.