May 2011 International Financial Reporting Standard ® IFRS 10 Consolidated Financial Statements Standard ISBN 978-1-907877-15-5 International Accounting Standards Board (IASB) The IASB is the independent standard-setting body of the IFRS Foundation 30 Cannon Street | London EC4M 6XH | United Kingdom Telephone: +44 (0)20 7246 6410 | Fax: +44 (0)20 7246 6411 Email:
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[email protected] 100% 50% Cover printed on 100 per cent recycled paper Text printed on 50 per cent recycled paper International Financial Reporting Standard 10 Consolidated Financial Statements IFRS 10 Consolidated Financial Statements is issued by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email:
[email protected] Web: www.ifrs.org The IASB, the IFRS Foundation, the authors and the publishers do not accept responsibility for loss caused to any person who acts or refrains from acting in reliance on the material in this publication, whether such loss is caused by negligence or otherwise. Copyright © 2011 IFRS Foundation® IFRS 10 and its accompanying documents are published in two parts. ISBN for this part: 978-1-907877-12-4 ISBN for complete publication (two parts): 978-1-907877-11-7 International Financial Reporting Standards (including International Accounting Standards and SIC and IFRIC Interpretations), Exposure Drafts, and other IASB publications are copyright of the IFRS Foundation. The approved text of International Financial Reporting Standards and other IASB publications is that published by the IASB in the English language. Copies may be obtained from the IFRS Foundation. Please address publications and copyright matters to: IFRS Foundation Publications Department, 1st Floor, 30 Cannon Street, London EC4M 6XH, United Kingdom. Tel: +44 (0)20 7332 2730 Fax: +44 (0)20 7332 2749 Email:
[email protected] Web: www.ifrs.org All rights reserved. No part of this publication may be translated, reprinted or reproduced or utilised in any form either in whole or in part or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage and retrieval system, without prior permission in writing from the IFRS Foundation. The IFRS Foundation logo/the IASB logo/‘Hexagon Device’, ‘IFRS Foundation’, ‘eIFRS’, ‘IAS’, ‘IASB’, ‘IASC Foundation’, ‘IASCF’, ‘IFRS for SMEs’, ‘IASs’, ‘IFRIC’, ‘IFRS’, ‘IFRSs’, ‘International Accounting Standards’, ‘International Financial Reporting Standards’ and ‘SIC’ are Trade Marks of the IFRS Foundation. IFRS 10 CONSOLIDATED FINANCIAL STATEMENTS CONTENTS paragraphs INTRODUCTION IN1–IN12 INTERNATIONAL FINANCIAL REPORTING STANDARD 10 CONSOLIDATED FINANCIAL STATEMENTS OBJECTIVE 1–3 Meeting the objective 2–3 SCOPE 4 CONTROL 5–19 Power 10–14 Returns 15–16 Link between power and returns 17–18 ACCOUNTING REQUIRE