IREIT Global Group Pte. Ltd - Annual Report 2015 - page 72

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2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (CONTINUED)
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The management is currently evaluating the potential impact of the adoption of the above IFRSs, and
amendments to IFRS in the period of their initial adoption.
(b) Basis of consolidation
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IREIT reassesses whether or not it controls an investee if facts and circumstances indicate that there are
changes to one or more of the three elements of control listed above.
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income from the date IREIT gains control until the date when IREIT ceases to control the subsidiary.
Profit or loss and each component of the other comprehensive income are attributed to the owners of
IREIT and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the
Unitholders of IREIT and to the non-controlling interests even if this results in the non-controlling interests
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On acquisition, the assets and liabilities of the relevant subsidiaries are measured at their fair values at the
date of acquisition. Income and expenses of the subsidiaries acquired or disposed of during the period are
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date of acquisition or disposal.
Where necessary, adjustments are made to the financial statements of the subsidiaries to bring their
accounting policies in line with those used by IREIT.
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Notes to the
Financial Statements
For the year ended 31 December 2015
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