BC40 IFRS 10 states that an investor controls an investee when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the current ability to affect those returns through its power over the investee.

BC41 The definition of control includes three elements, namely an investor's:

(a) power over the investee;

(b) exposure, or rights, to variable returns from its involvement with the investee; and

(c) ability to use its power over the investee to affect the amount of the investor's returns.