Identification of subsidiaries
Control is presumed when the parent acquires more than half of the voting rights of the entity. Even when more than one half of the voting rights is not acquired, control may be evidenced by power: [IAS 27.13]
o over more than one half of the voting rights by virtue of an agreement with other investors, or
o to govern the financial and operating policies of the entity under a statute or an agreement; or
o to appoint or remove the majority of the members of the board of directors; or
o to cast the majority of votes at a meeting of the board of directors.