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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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