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Companies act 71 of 2008 - Coggle Diagram

- - - - IFRS
        
        Control (IFRS 10.7)
        
        Power over investee
        
        Exposure or right to variable return from invlvemtn with investee
        
        Ability to use power to affect amount of returns
        
        entity (P) control another (S)
        
        Prepare consolidated FS (IFRS 10.2(a))
        
        Circumstances
        
        Invest entitie's expectation
        
        AND Accounting treatment in separate FS of parent
        
        IFRS 12 disclosure of interest in other entities
        
        and accoutnig for sub in seprate records of investor (P) in terms of IFRS 9 Financial instruments
    - - IFRS or IFRS for SME
- - - - Ability to directly or indirectly exercise, control the exercise of a majority of the general. voting rights at GM
      - Right to apoint or elect, or control the appointment of directors of that company who would have majority of votes at Board meeting
      - All the general votes rights with the issued securities of the company are held and controlled by the persons contemplated above
    - - all its sub. (Sec 1)