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Bakery Limited (Bakery) is a 90% owned subsidiary of Vanilla Limited (Vanilla). The remaining 10% shares of Bakery is held by Ada who does not
Bakery Limited ("Bakery") is a 90% owned subsidiary of Vanilla Limited ("Vanilla"). The remaining 10% shares of Bakery is held by Ada who does not involve in the day-to-day operation of the company. Steven is the husband of Ada. Steven is the executive director of Bakery and he is also the executive director of Oxygen Limited ("Oxygen") which is a major customer of Bakery. Ken is the chairman of Vanilla and his wife, Cathy, has joint control over Easy Limited ("Easy"). Required: In accordance with IAS 24 Related Party Disclosures, identify all related parties to Bakery. Explain your answers and specify the relevant paragraphs to support your answers. Please copy the following table and complete it in your answer book
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