BC206 The main changes made by IFRS 10 from the exposure draft ED 10 published in 2008 are:
(a) IFRS 10 includes application guidance on all the following topics:
the meaning of 'power', 'activities' and 'returns' within the definition of control.
(ii) when assessing control of an investee:
• understanding the purpose and design of an investee.
• different activities of an investee that significantly affect the investee's returns.
• a discussion of rights that give an investor power and protective rights.
• power to direct the activities of an investee without a majority of the voting rights, including potential voting rights.
• contractual and non‑contractual agency relationships.
(b) IFRS 10 requires retrospective application of its requirements subject to the practicability exemption in IAS 8. The exposure draft had proposed prospective application using the requirements of IFRS 3 or the requirements relating to the loss of control on the date of first applying the I
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