{
  "url": "https://openlegislation.uk/eu-regulation-2004-2236/annex/appendix-A",
  "json_url": "https://openlegislation.uk/eu-regulation-2004-2236/annex/appendix-A.json",
  "legislation": "eur/2004/2236",
  "legislation_title": "Commission Regulation (EC) No 2236/2004 of 29 December 2004 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards (IFRSs) Nos 1, 3 to 5, International Accounting Standards (IASs) Nos 1, 10, 12, 14, 16 to 19, 22, 27, 28, 31 to 41 and the interpretations by the Standard Interpretation Committee (SIC) Nos 9, 22, 28 and 32 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2004-2236",
  "path": "annex/appendix/A",
  "kind": "appendix",
  "number": "A",
  "heading": "Defined terms",
  "text": "This appendix is an integral part of the IFRS.\nacquisition date The date on which the acquirer effectively obtains control of the acquiree.\nagreement date The date that a substantive agreement between the combining parties is reached and, in the case of publicly listed entities, announced to the public. In the case of a hostile takeover, the earliest date that a substantive agreement between the combining parties is reached is the date that a sufficient number of the acquiree’s owners have accepted the acquirer’s offer for the acquirer to obtain control of the acquiree.\nbusiness An integrated set of activities and assets conducted and managed for the purpose of providing:\n(a) a return to investors;\nor\n(b) lower costs or other economic benefits directly and proportionately to policyholders or participants.\nA business generally consists of inputs, processes applied to those inputs, and resulting outputs that are, or will be, used to generate revenues. If goodwill is present in a transferred set of activities and assets, the transferred set shall be presumed to be a business.\nbusiness combination The bringing together of separate entities or businesses into one reporting entity.\nbusiness combination involving entities or businesses under common control A business combination in which all of the combining entities or businesses ultimately are controlled by the same party or parties both before and after the combination, and that control is not transitory.\ncontingent liability Contingent liability has the meaning given to it in IAS 37 Provisions, Contingent Liabilities and Contingent Assets, ie:\n(a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity;\nor\n(b) a present obligation that arises from past events but is not recognised because:\n(i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation;\nor\n(ii) the amount of the obligation cannot be measured with sufficient reliability.\ncontrol The power to govern the financial and operating policies of an entity or business so as to obtain benefits from its activities.\ndate of exchange When a business combination is achieved in a single exchange transaction, the date of exchange is the acquisition date. When a business combination involves more than one exchange transaction, for example when it is achieved in stages by successive share purchases, the date of exchange is the date that each individual investment is recognised in the financial statements of the acquirer.\nfair value The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.\ngoodwill Future economic benefits arising from assets that are not capable of being individually identified and separately recognised.\nintangible asset Intangible asset has the meaning given to it in IAS 38 Intangible Assets, ie an identifiable nonmonetary asset without physical substance.\njoint venture Joint venture has the meaning given to it in IAS 31 Interests in Joint Ventures, ie a contractual arrangement whereby two or more parties undertake an economic activity that is subject to joint control.\nminority interest That portion of the profit or loss and net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent.\nmutual entity An entity other than an investor-owned entity, such as a mutual insurance company or a mutual cooperative entity, that provides lower costs or other economic benefits directly and proportionately to its policyholders or participants.\nparent An entity that has one or more subsidiaries.\nprobable More likely than not.\nreporting entity An entity for which there are users who rely on the entity’s general purpose financial statements for information that will be useful to them for making decisions about the allocation of resources. A reporting entity can be a single entity or a group comprising a parent and all of its subsidiaries.\nsubsidiary An entity, including an unincorporated entity such as a partnership, that is controlled by another entity (known as the parent).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2004/2236/annex/appendix/A",
    "retrieved_at": "2026-11-01T14:55:00.914728+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}