Example consolidated financial statements - Flipbook - Page 44
Notes to the consolidated financial statements
For the year ended 31 December 2020 (expressed in thousands of Euroland currency units, except per share amounts)
IFRS 12.12(a)
6.2 Subsidiary with material non-controlling interests
The Group includes one subsidiary, Tech Squad Ltd, with material4 non-controlling interests (NCI):
Name
Proportion of ownership
Total comprehensive
interests and voting rights income allocated to NCI
held by the NCI
Tech Squad Ltd
Accumulated NCI
2020
2019
2020
2019
2020
2019
20%
20%
121
116
713
592
IFRS 12.B10(a)
No dividends were paid to the NCI during the years ended 31 December 2020 and 2019.
IFRS 12.12(g)
IFRS 12.B10(b)
Summarised financial information for Tech Squad Ltd, before intragroup eliminations, is set
out below:
2020
2019
IFRS 12.B10(b)
Non-current assets
5,019
5,182
Current assets
3,924
3,452
8,943
8,634
(3,806)
(3,402)
Total assets
Non-current liabilities
Current liabilities
Total liabilities
Equity attributable to owners of the parent
Non-controlling interests
Revenue
Profit for the year attributable to owners of the parent
Profit for the year attributable to NCI
Profit for the year
Other comprehensive income for the year
(all attributable to owners of the parent)
Total comprehensive income for the year attributable to owners
of the parent
Total comprehensive income for the year attributable to NCI
Total comprehensive income for the year
Net cash from operating activities
(1,561)
(2,268)
(5,367)
(5,670)
2,863
2,372
713
592
2020
2019
7,658
7,116
479
464
121
116
600
580
6
4
485
468
121
116
606
584
2020
2019
957
779
(531)
(673)
Net cash from (used in) financing activities
446
(61)
Net cash inflow
872
45
Net cash used in investing activities
For the purposes of Illustrative Corporation Group it is assumed that the NCI are material to the Group. The thresholds are not intended to indicate
what could be material to other entities.
4
42 Illustrative Corporation Group: IFRS Example Consolidated Financial Statements – 31 December 2020
