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IFRS 12 Disclosure of interests in other entities

IFRS 12 Disclosure of Interests in Other Entities sets out the disclosure requirements for entities that have an interest in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity. The standard was published in May 2011 and is effective from 1 January 2013 or 1 January 2014 for EU preparers.

Full text standard

Unaccompanied version of IFRS 12
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.

This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.

IFRS 12 summary and timeline

Looking for the synopsis? Our IFRS 12 summary and timeline are now on a separate page, featuring information on current proposals and a timeline of IASB updates.

Which version of the standard?

Financial Reporting Faculty members have unlimited online access to the consolidated edition of IFRS and amendments through the IASB's eIFRS service. Please log into eIFRS to access electronic versions of the standards. Or find out more about how to join the faculty.

The ICAEW Library also offers members and students access to the print versions of the latest IFRS Blue and Red Books. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com

ICAEW guidance and commentary


Interests in Other Entities ๐Ÿ”’
Financial Reporting Faculty, 31 May 2017
Provides more detail on the ‘package of five’ standards: IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011).

Annual factsheets

These exclusive factsheets, produced annually by the Financial Reporting Faculty for its members, highlight all new and modified requirements for preparers of IFRS accounts. Each annual edition focuses primarily on new requirements with mandatory application for preparers with periods beginning on or after 1 January of that year.

Amendment 1 above (Investment entities: Applying the Consolidation Exception) is covered in the 2016 IFRS Accounts factsheet.

Amendment 2 above (Annual Improvements to IFRS 2014-2016) is covered in the 2015 IFRS Accounts factsheet.

2018 IFRS accounts ๐Ÿ”’
Financial Reporting Faculty, 6 August 2018

2016 IFRS Accounts ๐Ÿ”’
Financial Reporting Faculty, 30 January 2017
Provides more information on the standard and amendment 1.

2015 IFRS Accounts ๐Ÿ”’
Financial Reporting Faculty, 30 January 2017
Provides more information about the standard and amendment 2.


Getting to grips with the IASB’s new consolidation standards ๐Ÿ”’
Andy Simmonds, By All Accounts, January 2012
From the Financial Reporting Faculty's magazine, Andy Simmonds, Chairman of the Financial Reporting Faculty and Partner in Deloitte LLP, looks at some of the practical implications of the IASB’s ‘package of five’ new and revised standards. The views expressed are very much his own.


IFRS Update ๐Ÿ”’
Financial Reporting Faculty, 18 July 2013
This webinar for Financial Reporting Faculty members focused on new and revised standards that are effective for 2013. There have been several significant changes, including major new standards on consolidated financial statements, joint arrangements, disclosure of interests in other entities (IFRS 12) and fair value measurement and a revised version of IAS 19 Employee Benefits.


Access to eBooks is only available to ICAEW members and ACA students โ€“ please log in to view these titles.

IFRS 2018: Interpretation and application of IFRS standards ๐Ÿ”’
PKF (2018)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on consolidations, joint arrangements, associates and separate financial statements covers:

  • Disclosure requirements

If you have any difficulties using these eBooks, please see our Help and support advice or contact library@icaew.com.

Example accounts

IFRS model accounts and disclosure checklists
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.

Company Reporting (Croner-i)

The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. Company Reporting analyses current IFRS disclosures from public companies, organised by industry sector. It also provides detailed monthly Common Practice reports on specific issues.

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

External resources

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

IFRS 10 and 12 – Questions and answers
Guide from PwC, updated in January 2015, covering power, exposure to variability, principal-agent analysis, silos, disclosure and transition provisions. It also includes a number of comprehensive case studies.

IFRS 12: Structured entities – considerations for fund managers
Guide from EY published in February 2014 covering disclosure requirements and how to assess if your funds are structured entities.

IFRS 12 for asset management
Guide from PwC highlighting disclosure requirements relating specifically to the asset management industry. Published in July 2014.

IFRS 12: Example disclosures for interests in unconsolidated structured entities
Guide from Ernst & Young, published in March 2013, with illustrative examples.

Further reading

Manuals and handbooks

The ICAEW Library stocks the latest IFRS handbooks and manuals. You can browse all our books on IFRS 12 and associated companies or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

International GAAP 2019
EY, Wiley, 2019
Comprehensive reference guide to interpreting and implementing IFRS, featuring detailed analysis of technical accounting issues accompanied by worked examples and illustrations taken from the actual financial statements of companies that report under IFRS.
Request this book

Manual of accounting: IFRS for the UK 2019
PwC, Tolley, 2018
Practical guidance on the standards and the accounting requirements of UK law applicable to UK users of IFRS. This manual was published in November 2018 and includes key updates from amendments, annual improvements and the revised conceptual framework issued in March 2018.
Request this book

Insights into IFRS 2018–19
KPMG, Thomson Reuters, 2018
Manual providing practical guidance with an emphasis on the real-life application of IFRS, with examples based on actual questions that have arisen in practice around the world. This book deals with standards issued by the IASB as at 1 August 2018.
Request this book

iGAAP 2018: A guide to IFRS reporting (Volume A)
Deloitte, Croner-i, 2018
Practical and comprehensive guidance for entities currently reporting under IFRS and those considering whether to move to IFRS in the near future. This manual deals with standards issued by the IASB as at 1 September 2017.
Request this book

GAAP 2018: UK reporting - IFRSs (Volume C)
Deloitte, Croner-i, 2018
Comprehensive manual explaining how to apply IFRS, focusing on practical implementation issues with commentary and analysis of issues specific to UK companies. This volume deals with standards issued by the IASB as at 1 September 2017.
Request this book

Wiley IFRS 2018: Interpretation and application of IFRS standards
PKF, Wiley, 2018
Reference manual providing full coverage of the latest standards and thorough guidance for implementation, featuring practical tools and insight from a practitioner's perspective.
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Principles of group accounting under IFRS
Andreas Krimpmann, Wiley, 2015
This book gives practical guidance on managing the issues specific to international group accounting under IFRS 10, IFRS 11 and IFRS 12, illustrated with a step-by-step case study of a mid-size group.
Request this book 


The ICAEW Library subscribes to over 160 current journals and magazines, as well as offering access to 1,800 key UK and international business, management and trade titles online. You can browse articles on IFRS 12 and associated companies and request articles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com 

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Get an opinion from the experts. Our experienced technical advisors can help you with your IFRS questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250. 

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