Consolidated consolidating financial statements

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[IFRS 10: B94, IFRS 10: B89] The reporting entity also attributes total comprehensive income to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

[IFRS 10: B94] Changes in ownership interests Changes in a parent's ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary are equity transactions (i.e.

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The objective of IFRS 10 is to establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

After their acquisitions, these smaller companies, or subsidiaries, may have remained legally separate from the large corporation, or parent company.

However, when reporting financial information, the parent company is required to submit financial statements that combine their information with that of their subsidiaries.

[IFRS 10:1] The Standard: [IFRS 10:1] An investor controls an investee when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee * Added by Investment Entities amendments, effective 1 January 2014.

An investor determines whether it is a parent by assessing whether it controls one or more investees.

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