GLUZOVÁ TEREZA. 2016. Disclosure of Subsidiaries with Non-controlling Interest in Accordance with IFRS 12: Case of Materiality. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 64(1): 275-281. Consolidated fi nancial statements present aggregated information for parent company and its subsidiaries. For non-wholly owned subsidiaries, International Financial Reporting Standards require non-controlling interest to be presented within consolidated equity to distinguish it

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... the amount of equity attributable to the shareholders of the parent. Since 2014, new standards on consolidation introduced broadened disclosure requirements for subsidiaries with material noncontrolling interest. Defi nition of material non-controlling interest however is not included in the standards. The article provides the analysis of the fi nancial statements published by companies listed on Prague Stock Exchange. Main focus is given to assessment criteria applied to identify material non-controlling interest. Consequently, study of compliance with the disclosure requirements for selected companies has been undertaken. The results of the analysis indicate whether value relevance of fi nancial statements has been improved as a result of the new disclosures.