Link to IFRS 10: control and changes in ownership

Learning objectives

• Explain the role of IFRS 10 control in identifying the acquirer and the accounting within equity for changes in ownership interest without loss of control.L3

Normative references

• IFRS 3 §7The acquirer is identified by applying the guidance in IFRS 10 on control: it is the entity that obtains control of the acquiree (paras. 7 and B13); if that guidance does not clearly indicate the acquirer, additional guidance (B14 to B18) applies.

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

1 question

• Sommet SA already controls Falaise SA since its business combination. It then buys a further share of its securities from the minority shareholders, without losing or changing its control. How does it account for this acquisition?L3