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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
2
Significant accounting policies
(continued)
(cc) Related parties
(a)
A person, or a close member of that person’s family, is related to the Group if that person:
(i)
has control or joint control over the Group;
(ii)
has significant influence over the Group; or
(iii)
is a member of the key management personnel of the Group or the Group’s parent.
(b)
An entity is related to the Group if any of the following conditions applies:
(i)
The entity and the Group are members of the same group (which means that each
parent, subsidiary and fellow subsidiary is related to the others);
(ii)
One entity is an associate or joint venture of the other entity (or an associate or joint
venture of a member of a group of which the other entity is a member);
(iii)
Both entities are joint ventures of the same third party;
(iv)
One entity is a joint venture of a third entity and the other entity is an associate of the
third entity;
(v)
The entity is controlled or jointly controlled by a person identified in (a);
(vi)
A person identified in (a)(i) has significant influence over the entity or is a member of the
key management personnel of the entity (or of a parent of the entity).
Close members of the family of a person are those family members who may be expected to
influence, or be influenced by, that person in their dealings with the entity.
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Changes in accounting policies
The IASB has issued a number of amendments to IFRSs and one new Interpretation that are effective for
accounting period beginning on or after 1 January 2011. Of these, the following developments are relevant to
the Group’s financial statements:
–
IAS 24 (revised 2009), “Related Party Disclosures”
–
Improvements to IFRSs (2010)
The Group has not yet applied any new and revised standard or interpretation that is not yet effective for the
current accounting period (Note 48).