International Financial Reporting Standards (IFRS)

IFRS for Small and Medium-sized Entities (SMEs)
Section 33: Related Party Disclosures

1. Person (P) is related to Entity (A) if
--> (P) has control, significant influence, joint control over (A)
--> (P) is a member of key management personnel of (A)
--> (P) is a member of key management personnel of a parent of (A)

2. Person (R) is related to Entity (A) if
--> (R) is a close family member of Person (P)
--> who is related to Entity (A)

3. Entity (B) is related to Entity (A) if
--> (B) is a parent of (A)
--> (B) is a subsidiary of (A)
--> (B) and (A) are subsidiaries of Entity (C)

--> (B) is an associate of (A)
--> (B) is a venturer of joint venture (A)

--> (A) is an associate of (B)
--> (A) is a venturer of joint venture (B)

4. Entity (B) is related to Entity (A) if
--> Person (P) related to Entity (A)
--> has control, significant influence, joint control over Entity (B)

Topic 850: Related party disclosures