6.9 A parent company's separate financial statements

Question 1

Which standard requires a parent company to produce its own single company financial statements (in addition to group statements)?

Answer 1

IAS 27

Question 2

What disclosures must be made when preparing a parent company’s separate financial statements?

Answer 2

• the fact that separate statements have been prepared and why (if not required by law)
• information about any investments and the method used to account for them