Disclosure by related party category

Learning objectives

• Prepare the disclosures by category of related party from the data of a case.L2, L3

Normative references

• IAS 24 §19The disclosures required by para. 18 are made separately for each of the following categories: (a) the parent; (b) entities with joint control of, or significant influence over, the entity; (c) subsidiaries; (d) associates; (e) joint ventures in which the entity is a joint venturer; (f) key management personnel of the entity or its parent; (g) other related parties.

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

2 questions

• During the year, Bergame SA sold goods for {item_amount_1} to its subsidiary A, for {item_amount_2} to its subsidiary B and for {item_amount_n} to an associate. Calculate the total sales to be presented for the subsidiaries category.L3
• An intern prepares the related party note of Roseau SA. Which of his presentation decisions is wrong?L2