AASB 10 Consolidated Financial Statements B92-B93: Reporting dates: consolidate subsidiaries at the parent's reporting date, using additional information prepared at that date unless impracticable, and otherwise adjust for significant events with a gap of no more than three months kept consistent

What does B92-B93 require?

The statements used for consolidation should share the parent's reporting date; where a subsidiary's year end differs, it prepares extra financial information at the parent's date unless that is impracticable. If it is impracticable, the parent uses the subsidiary's latest statements adjusted for significant transactions or events in between, provided the gap is three months or less and the length of the periods and the size of the gap stay the same each period.