Registration number:
Mercury Foreign Exchange Limited
for the Year Ended 31 December 2022
Mercury Foreign Exchange Limited
Contents
Company Information |
|
Strategic Report |
|
Directors' Report |
|
Statement of Directors' Responsibilities |
|
Independent Auditor's Report |
|
Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Statement of Cash Flows |
|
Notes to the Financial Statements |
Mercury Foreign Exchange Limited
Company Information
Directors |
M Collins A Constance |
Registered office |
|
Auditors |
|
Mercury Foreign Exchange Limited
Strategic Report for the Year Ended 31 December 2022
The directors present their strategic report for the year ended 31 December 2022.
Principal activity
The principal activity of the company is that of a foreign exchange broker and payment service provider and is registered with the Financial Conduct Authority under electronic money regulations 2011.
Fair review of the business
Income declined by 2% compared to 2021 but gross profit increased by 32%. The latter is due to lower platform costs and lower commissions to third parties. Administrative expenses increased to £833,569 (2021: £714,693). The increase in costs was partly due to increased salary costs and also increased professional fees. The results of the company are shown on page 8. The company's reserves declined by £220,203 to reserves for the year (2021: £227,625 added to reserves). The company continues to invest in its online platform and has no corporate tax liability as a result of an R&D claim. The Directors are satisfied withthe company's performance.
The company's main key performance indicator is the company's revenue. The company constantly reviews its income from trading activities.
Principal risks and uncertainties
The company faces the following risks: foreign currency, operational, regulatory, credit and liquidity.
Foreign currency risk: the company constantly manages its risk to foreign currency fluctuations. It does not undertake proprietary trading. All currency deals are matched back to back with banking counterparts.
Operational risk: the company constantly reviews its procedures and processes. The Directors monitor operations and take steps to mitigate risks on an ongoing basis.
Regulatory risk: the company is exposed to changes in regulation & legislation, Brexit and compliance risks. The company constantly engages with regulatory advisers at Director level and develops IT systems to mitigate risks of breaches.
Credit risk: the company constantly monitors the risk of both client and institutional credit risk both pre and during transactions with clients. The company reviews where it holds its assets to prevent concentration of risk with any counterparty.
Liquidity risk: the company has accounts with numerous banks and counterparties with systems and procedures to ensure that the company has sufficient resources and access to currency to meet its obligations.
Approved and authorised by the
......................................... |
Mercury Foreign Exchange Limited
Directors' Report for the Year Ended 31 December 2022
The directors present their report and the financial statements for the year ended 31 December 2022.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The company's financial statements comprise foreign currency forward and spot contracts, cash at bank and in hand and receivables and payables arising from the company's operations.
Price risk, credit risk, liquidity risk and cash flow risk
The Directors set risk management policies and objectives to ensure that any risk from exchange rates is mitigated. The company hedges with banking counterparties. Other risks have been discussed within the strategic report.
The Directors have made enquiries and have assessed that the company has adequate resources to meet its obligations as they fall due; therefore the company has prepared its financial statements on a going concern basis.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
......................................... |
Mercury Foreign Exchange Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
• |
select suitable accounting policies and apply them consistently; |
• |
make judgements and accounting estimates that are reasonable and prudent; |
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Mercury Foreign Exchange Limited
Independent Auditor's Report to the Members of Mercury Foreign Exchange Limited
Opinion
We have audited the financial statements of Mercury Foreign Exchange Limited (the 'company') for the year ended 31 December 2022, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
Mercury Foreign Exchange Limited
Independent Auditor's Report to the Members of Mercury Foreign Exchange Limited
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Mercury Foreign Exchange Limited
Independent Auditor's Report to the Members of Mercury Foreign Exchange Limited
Because of the inherent limitations of an audit, there is a risk that we will not detect all regularities, including those which lead to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removerd from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
5 East Lane
London
SE16 4UD
Mercury Foreign Exchange Limited
Profit and Loss Account for the Year Ended 31 December 2022
Note |
31 December |
31 December |
|
Turnover |
|
|
|
Cost of sales |
( |
( |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Operating loss |
(119,378) |
(176,650) |
|
Other interest receivable and similar income |
|
- |
|
Interest payable and similar expenses |
( |
|
|
(140,825) |
404,275 |
||
(Loss)/profit before tax |
( |
|
|
Tax on (loss)/profit |
|
- |
|
(Loss)/profit for the financial year |
( |
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Mercury Foreign Exchange Limited
Statement of Comprehensive Income for the Year Ended 31 December 2022
31 December |
31 December |
|
(Loss)/profit for the year |
( |
|
Total comprehensive income for the year |
( |
|
Mercury Foreign Exchange Limited
(Registration number: 06445887)
Balance Sheet as at 31 December 2022
Note |
31 December |
31 December |
|
Fixed assets |
|||
Intangible assets |
- |
|
|
Tangible assets |
|
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
2,455 |
2,455 |
|
Share premium reserve |
214,045 |
214,045 |
|
Retained earnings |
367,464 |
587,667 |
|
Shareholders' funds |
583,964 |
804,167 |
Approved and authorised by the
......................................... |
Mercury Foreign Exchange Limited
Statement of Changes in Equity for the Year Ended 31 December 2022
Share capital |
Share premium |
Retained earnings |
Total |
|
At 1 January 2022 |
|
|
|
|
Loss for the year |
- |
- |
( |
( |
At 31 December 2022 |
|
|
|
|
Share capital |
Share premium |
Retained earnings |
Total |
|
At 1 January 2021 |
|
|
|
|
Profit for the year |
- |
- |
|
|
At 31 December 2021 |
|
|
|
|
Mercury Foreign Exchange Limited
Statement of Cash Flows for the Year Ended 31 December 2022
Note |
31 December |
31 December |
|
Cash flows from operating activities |
|||
(Loss)/profit for the year |
( |
|
|
Adjustments to cash flows from non-cash items |
|||
Depreciation and amortisation |
|
|
|
Finance income |
( |
- |
|
Finance costs |
- |
|
|
Income tax expense |
( |
- |
|
( |
|
||
Working capital adjustments |
|||
Decrease/(increase) in trade debtors |
|
( |
|
(Decrease)/increase in trade creditors |
( |
|
|
Net cash flow from operating activities |
( |
|
|
Cash flows from investing activities |
|||
Interest received |
|
- |
|
Cash flows from financing activities |
|||
Interest paid |
- |
( |
|
Repayment of other borrowing |
( |
( |
|
Net cash flows from financing activities |
( |
( |
|
Net decrease in cash and cash equivalents |
( |
( |
|
Cash and cash equivalents at 1 January |
|
|
|
Cash and cash equivalents at 31 December |
333,462 |
704,228 |
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Changes in accounting policy
The following have been applied for the first time from 1 January 2022 and have had an effect on the financial statements:
There has been a change in accounting policy concerning Revenue Recognition which is described below. As a resultof this change in policy the Turnover and Cost of sales comparative figures have both changed by the same amount but the gross profit is unaffected.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Turnover | - | (81,648,652) | (80,280,547) |
Cost of sales | - | (81,648,652) | (80,280,547) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The company enters into foreign exchange transactions with its clients, The company also enters into contracts with its clients and Turnover is recognised on the value date as the difference between the price agreed between the client and the price agreed with banking partners.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Other intangibles |
3 yesr straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
31 December |
31 December |
|
Rendering of services |
|
|
Operating loss |
Arrived at after charging/(crediting)
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
31 December |
31 December |
|
Depreciation expense |
|
|
Amortisation expense |
|
|
Other interest receivable and similar income |
2022 |
2021 |
|
Interest income on bank deposits |
|
- |
Interest payable and similar expenses |
31 December |
31 December |
|
Interest on bank overdrafts and borrowings |
- |
|
Foreign exchange gains/(losses) |
|
( |
|
( |
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
31 December |
31 December |
|
Wages and salaries |
|
|
Social security costs |
|
|
Pension costs, defined contribution scheme |
|
|
Other employee expense |
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
31 December |
31 December |
|
Administration and support |
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
31 December |
31 December |
|
Remuneration |
|
|
Auditors' remuneration |
31 December |
31 December |
|
Audit of the financial statements |
|
|
Taxation |
Tax charged/(credited) in the profit and loss account
31 December |
31 December |
|
Current taxation |
||
UK corporation tax |
( |
- |
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Intangible assets |
Other intangible assets |
Total |
|
Cost or valuation |
||
At 1 January 2022 |
|
|
At 31 December 2022 |
|
|
Amortisation |
||
At 1 January 2022 |
|
|
Amortisation charge |
|
|
At 31 December 2022 |
|
|
Carrying amount |
||
At 31 December 2022 |
- |
- |
At 31 December 2021 |
|
|
Tangible assets |
Office equipment |
Total |
|
Cost or valuation |
||
At 1 January 2022 |
|
|
At 31 December 2022 |
|
|
Depreciation |
||
At 1 January 2022 |
|
|
Charge for the year |
|
|
At 31 December 2022 |
|
|
Carrying amount |
||
At 31 December 2022 |
|
|
At 31 December 2021 |
|
|
Investments |
31 December |
31 December |
|
Investments in subsidiaries |
|
|
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Subsidiaries |
£ |
Cost or valuation |
|
At 1 January 2022 |
|
Provision |
|
Carrying amount |
|
At 31 December 2022 |
|
At 31 December 2021 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
2022 |
2021 |
|||
Subsidiary undertakings |
||||
|
5 East Lane
England |
|
|
|
Subsidiary undertakings |
Ethical Currency Limited The principal activity of Ethical Currency Limited is |
The investment in Ethical Currency Ltd cost £90,000 when purchased in 2013. This consisted of £1,000 share capital and £89,000 Goodwill. The Goodwill element has been re-characterised as an Intangible Asset (Note 10).
Debtors |
Current |
Note |
31 December |
31 December |
Trade debtors |
- |
|
|
Other debtors |
|
|
|
Income tax asset |
|
- |
|
|
|
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Cash and cash equivalents |
31 December |
31 December |
|
Cash at bank |
|
|
Creditors |
Note |
31 December |
31 December |
|
Due within one year |
|||
Trade creditors |
|
|
|
Social security and other taxes |
|
|
|
Accruals |
|
|
|
Income tax liability |
- |
17,232 |
|
|
|
||
Due after one year |
|||
Other non-current financial liabilities |
|
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Share capital |
Allotted, called up and fully paid shares
31 December |
31 December |
|||
No. |
£ |
No. |
£ |
|
|
|
2,455 |
|
2,455 |
Mercury Foreign Exchange Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Dividends |
Related party transactions |
Summary of transactions with entities with joint control or significant interest
Loans to related parties
2022 |
Entities with joint control or significant influence |
Total |
At start of period |
|
|
Advanced |
|
|
At end of period |
|
|
|
2021 |
Entities with joint control or significant influence |
Total |
At start of period |
|
|
At end of period |
|
|
|
Loans from related parties
2022 |
Entities with joint control or significant influence |
Total |
At start of period |
|
|
Repaid |
( |
( |
At end of period |
|
|
|
2021 |
Entities with joint control or significant influence |
Total |
At start of period |
|
|
At end of period |
|
|
|