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Determine whether each item are required to be disclosed in the notes to the seperate financial statement of entity A in accordance to PAS 24,
Determine whether each item are required to be disclosed in the notes to the seperate financial statement of entity A in accordance to PAS 24, Related Parties
Answer | ||||||
A's subsidiaries are B, C and D. | ||||||
A has an investment of more than 20% in E and F. | ||||||
A made several sales transactions with subsidiaries C and D. | ||||||
Associate E is A's supplier of raw material used in production process. | ||||||
A made a loan to subsidiary C for 500,000. | ||||||
A has 10% interest over entity I. A also leases its equipment from I. | ||||||
X is the president of entity A. X's annual salary is 1,000,000 | ||||||
A has a bank loan of 100,000 in which H, president X's uncle, is the guarantor | ||||||
A has a 5% interest over G | ||||||
A has a 5% interest over G. G has sold Equipment costing 500,000 to A during the year. |
Choices:
Required Disclosure |
Required Disclosure |
Not a required disclosure |
Required Disclosure |
Required Disclosure |
Not a required disclosure |
Required Disclosure |
Required Disclosure |
Not a required disclosure |
Not a required disclosure |
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