Level of detail and aggregation

Learning objectives

• Determine whether disclosures may be aggregated or must be provided individually for a material entity.L2

Normative references

• IFRS 12 §4The entity considers the level of detail necessary to satisfy the disclosure objective and how much emphasis to place on each requirement; it aggregates or disaggregates disclosures so that useful information is not obscured by the inclusion of a large amount of insignificant detail or by the aggregation of items that have different characteristics (B2 to B6).

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

2 questions

• Delta SA has two material joint ventures, Aqua and Terra, operating in neighbouring sectors. It considers adding their summarised financial information into a single table headed "joint ventures" (case facts). What is concluded?L2
• The general aggregation and disaggregation principle in paragraph 4 allows the summarised financial information of several material joint ventures to be aggregated into a single table.L2