Past involvement of a sponsor

Learning objectives

• Assess whether a sponsor's past involvement requires risk disclosures even though it has no interest at the reporting date.L3

Normative references

• IFRS 12 §25The information about risks includes exposure arising from involvement with unconsolidated structured entities in previous periods, in particular that of a sponsor, even if the entity no longer has any contractual involvement at the reporting date.

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

1 question

• Sigma SA sponsored an unconsolidated structured entity, with which it no longer has any contractual link at the reporting date (case facts). Must it still provide information about the risk arising from its past involvement?L3