Should orphans be consolidated under IFRS 10?

Should orphans be consolidated under IFRS 10?

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Should 'orphans' be consolidated when the parent obtains no variable returns?

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By The Limey
21st May 2014 19:33

It seems to me that X is acting as trustee, which fits as Stichtings are essentially the civil law equivalent of trusts for lots of things. This would therefore fall in with acting as an agent rather than as  principal, and therefore fall under paragraphs B58 onwards of IFRS 10.

Edit: had originally written common when meant civil.

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