Link with IFRS 10

Learning objectives

• Explain the link with IFRS 10 (control, consolidation and the investment entities exception).L3

Normative references

• IAS 24 §4Related party transactions and outstanding balances with other entities in a group are disclosed in the entity's financial statements; in the consolidated financial statements, intragroup related party transactions and balances are eliminated, except for those between an investment entity and its subsidiaries measured at fair value through profit or loss.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Altair Fonds is an investment entity that measures its subsidiary Altair Opérations at fair value through profit or loss. How are transactions and balances between Altair Fonds and this subsidiary treated with regard to intragroup elimination?L3