Consolidated Financial Statements

[Refer: Basis for Conclusions paragraphs BC240–BC240I]

E9

[IFRIC

Update—March

2014:

IFRS

10

Consolidated Financial Statements: Investment Entities

Amendments—the definition of investment-related services or activities The Interpretations Committee

received a request to clarify the definition of ‘investment-related services or activities’ as it relates to

subsidiaries that act as intermediate holding companies (’intermediate subsidiaries’) and are established

for ‘tax optimisation’ purposes. An investment entity is permitted to provide investment-related services or