Gen Bhd and Joji Bhd, involved in the property development business, acquired 50% shares respectively in Yasmin Bhd on 1 January 2019. Gen Bhd and Joji Bhd appointed one Yasmin Bhd senior management team member after the acquisition. Senior management appointed by Gen Bhd has the right to make key decisions on a crucial project of the company and how the project is financed. Gen Bhd also has supervisory roles in monitoring the project undertaken and getting related approval from the board of directors. Stated that no contractual arrangement between Gen Bhd and Joji Bhd to consult Joji Bhd or make a collective decision. Required: As a group accountant, discuss your opinion on GenBhd, Joji Bhd and Yasmin Bhd with reference to the relevant IFRSS. (IFRS10 Consolidated Financial Statements and IFRS11 Joint Arrangements) (10 marks)