BKLM223000 - Relevant entities and groups: relevant groups: group members determined using IAS

Paragraphs 4(3) and (4) of Schedule 19

The members of the relevant group will be determined using the provisions of IAS (subject to one exception). So where an entity is:

• included in the parent’s consolidated financial statements drawn up under IAS, or
• would have been included in the parent’s consolidated financial statements had these been drawn up under IAS

the entity will be a member of the relevant group.

The parent will also be a member of the relevant group.

There is one exception to the IAS rule - see BKLM224000.