[Demo] IAS 27 – Separate Financial Statements

IAS 27 mandates which entities shall produce separate financial statements.

Consolidated financial statements are the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented __________.

Dividends from a subsidiary, a joint venture or an associate are recognised in profit or loss unless the entity elects to use the __________, in which case the dividend is recognised as a reduction from the carrying amount of the investment.

At the date of initial application, an investment entity that previously measured its investment in a subsidiary at __________ through other comprehensive income shall continue to measure that investment at__________.