Exam 21: Related Party Disclosures

Harry is a non-executive director of Potter Limited and Hogwarts Limited. Harry's wife, Ginny, is a non-executive director of Weasley Limited. Which of the following statements is correct?

The minimum disclosures for related party transactions include the following, except:

Jon holds an investment in Voight Limited that gives him a significant influence over the company. Jon's daughter, Angelina, also has a significant influence over another entity, Jolie Limited. What is the relationship between Voight Limited and Jolie Limited?

If an entity chooses to apply the disclosure exemption in paragraph 25 of AASB 124, it is still required to do the following, except:

Maria is one of the directors in Leo Limited, which is one of the subsidiaries of Aries Limited. She also has a joint control with Mimi in Virgo Limited. In this circumstance, the following are related parties to Leo Limited, except for:

According to AASB 124, related party disclosures are required irrespective of whether there have been related party transactions when:

Willow Limited and Rupert Limited are the two subsidiaries of Buffy Company. Dan Sanders, one of the directors of Buffy Company, is also a director of Rupert Limited. Dan's wife, Sandra, has 10% of shareholding in Rupert Limited. Which of the following are related parties to Willow Limited?