As per IAS-1, non-controlling interest (NCI) is presented in the statement of financial position as?

A separate item from liabilities and equity Component of equity Non-current liability Current liability

Without a separate legal entity the joint arrangement is a?

Joint operation Joint venture Associate At discretion of management

Which one of these is NOT a basis of preparation of financial statements under IFRS?

Legal arrangement irrespective of the substance Based on the substance underlying a transaction Fair value approach for recognition and measurement Accrual basis

Current liability does not include?

Minority Interest Short term borrowings Provision for income tax Trade Payables

A Cash flow statement included in the financial statements provides the information on cash flow?

For the financial year/period As at the balance sheet date Accumulated from date of incorporation For the next 12 months