says 'Disclosures need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member'
By 'transactions' does this mean also don't need to disclose year end balances ..apart from those between subsids which are not wholly owned. ACCA helpline says dont need to [they are shown as amounts due from/to group undertakings anyway]..an audit contact at a top 4 firm says year end balances do need to be disclosed separately...
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I've never disclosed the individual counter-parties for balances between group companies when reporting under FRS101 or 102.
Does your Big4 contact have a supporting reference for their assertion?