Significant Subsidiary definition: Copy, customize, and use instantly
Introduction
The term "Significant Subsidiary" refers to a subsidiary of a parent company that meets certain criteria established by relevant financial reporting regulations or contractual agreements. A subsidiary may be considered "significant" based on its size, financial impact, or other factors. Identifying significant subsidiaries is essential for financial reporting, governance, and compliance, particularly for ensuring that major subsidiaries are accounted for appropriately.
Below are various examples of how "Significant Subsidiary" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Significant Subsidiary" as defined by financial regulations
This definition ties "Significant Subsidiary" to financial regulatory requirements.
"Significant Subsidiary" means any subsidiary of the parent company that meets the criteria for significance as defined under applicable financial regulations, including those set forth in the relevant accounting standards or reporting requirements.
Definition of "Significant Subsidiary" as a material subsidiary
This definition connects "Significant Subsidiary" to materiality thresholds.
"Significant Subsidiary" refers to any subsidiary that, in the judgment of the parent company, is material to the overall financial condition or operations of the parent company, taking into account factors such as revenue, assets, or liabilities.
Definition of "Significant Subsidiary" as a subsidiary meeting ownership thresholds
This definition links "Significant Subsidiary" to ownership percentage requirements.
"Significant Subsidiary" means a subsidiary in which the parent company holds, directly or indirectly, an ownership interest of at least [specify percentage] of the voting securities or equity, as determined by the parent company.
Definition of "Significant Subsidiary" as a subsidiary with a major financial impact
This definition ties "Significant Subsidiary" to its financial impact.
"Significant Subsidiary" refers to any subsidiary whose financial results, including but not limited to, assets, liabilities, or revenue, have a material impact on the financial performance or position of the parent company.
Definition of "Significant Subsidiary" as defined by corporate governance
This definition connects "Significant Subsidiary" to corporate governance structures.
"Significant Subsidiary" means any subsidiary that has been designated by the parent company as significant for purposes of governance, oversight, or compliance, due to its size, operations, or strategic importance.
Definition of "Significant Subsidiary" as determined by regulatory authority
This definition links "Significant Subsidiary" to regulatory standards.
"Significant Subsidiary" refers to any subsidiary that, according to the relevant regulatory authority or legal framework, is deemed significant based on criteria such as assets, revenue, or other factors as outlined by applicable laws or regulations.
Definition of "Significant Subsidiary" as a subsidiary in material agreements
This definition applies "Significant Subsidiary" to material contracts.
"Significant Subsidiary" means any subsidiary that is a party to material contracts, loans, or other significant agreements that could affect the parent company’s financial or operational standing.
Definition of "Significant Subsidiary" as one subject to specific financial reporting
This definition ties "Significant Subsidiary" to financial reporting obligations.
"Significant Subsidiary" refers to any subsidiary that, due to its size, operations, or financial results, is required to be separately reported or consolidated under applicable accounting or financial reporting standards.
Definition of "Significant Subsidiary" as a subsidiary with significant assets
This definition connects "Significant Subsidiary" to asset size.
"Significant Subsidiary" means a subsidiary whose total assets exceed [specify threshold], thereby meeting the criteria for classification as a significant subsidiary under financial or regulatory guidelines.
Definition of "Significant Subsidiary" as defined by parent company’s board
This definition links "Significant Subsidiary" to the parent company's internal governance.
"Significant Subsidiary" refers to any subsidiary that has been designated as significant by the parent company's board of directors, based on the subsidiary's impact on the parent company's business operations, revenue, or strategic direction.
Definition of "Significant Subsidiary" as a subsidiary with significant revenue
This definition ties "Significant Subsidiary" to revenue generation.
"Significant Subsidiary" means any subsidiary whose revenue exceeds [specify threshold], constituting a material part of the parent company's total consolidated revenue.
Definition of "Significant Subsidiary" as one with significant liabilities
This definition connects "Significant Subsidiary" to liability size.
"Significant Subsidiary" refers to any subsidiary that has liabilities that exceed [specify threshold], and therefore significantly impacts the financial position of the parent company.
Definition of "Significant Subsidiary" as a subsidiary in an acquisition context
This definition applies "Significant Subsidiary" to acquisition scenarios.
"Significant Subsidiary" means a subsidiary whose assets, revenue, or operations are sufficiently large to affect the outcome of an acquisition, merger, or restructuring involving the parent company.
Definition of "Significant Subsidiary" as a joint venture
This definition links "Significant Subsidiary" to joint ventures.
"Significant Subsidiary" refers to any subsidiary that is a joint venture or partnership where the parent company holds a significant interest or has substantial control over the operations, and thus plays a key role in the overall corporate strategy.
Definition of "Significant Subsidiary" as a subsidiary under special reporting requirements
This definition connects "Significant Subsidiary" to special regulatory reporting.
"Significant Subsidiary" refers to a subsidiary that is subject to special reporting or compliance requirements under the jurisdiction in which it operates, due to its size, operations, or other factors.
Definition of "Significant Subsidiary" as part of a consolidated group
This definition applies "Significant Subsidiary" to consolidation.
"Significant Subsidiary" means a subsidiary that is included in the parent company's consolidated financial statements due to its significance based on asset size, revenue, or other factors that meet the consolidation criteria under accounting rules.
Definition of "Significant Subsidiary" as one in a competitive market
This definition ties "Significant Subsidiary" to market competition.
"Significant Subsidiary" refers to any subsidiary that plays a crucial role in the parent company's competitive positioning within its market, with substantial market share, resources, or influence in the industry.
Definition of "Significant Subsidiary" as defined by external auditors
This definition links "Significant Subsidiary" to external audits.
"Significant Subsidiary" refers to any subsidiary whose financial statements are subject to specific audit requirements due to its size, financial complexity, or importance in the context of the parent company’s consolidated accounts.
Definition of "Significant Subsidiary" as a subsidiary under merger and acquisition analysis
This definition connects "Significant Subsidiary" to mergers and acquisitions.
"Significant Subsidiary" means a subsidiary that plays a key role in the analysis of a merger or acquisition due to its size, operational importance, or market share, potentially affecting the value of the transaction.
Definition of "Significant Subsidiary" as a subsidiary subject to specific regulations
This definition ties "Significant Subsidiary" to regulatory requirements.
"Significant Subsidiary" refers to any subsidiary that is subject to specific regulatory oversight due to its operational scope, market impact, or risk profile as defined by applicable laws or industry regulations.
Definition of "Significant Subsidiary" as determined by revenue contribution
This definition connects "Significant Subsidiary" to revenue thresholds.
"Significant Subsidiary" means any subsidiary that contributes a significant portion, defined as [specify percentage], of the total consolidated revenue of the parent company.
Definition of "Significant Subsidiary" as part of a corporate restructuring
This definition applies "Significant Subsidiary" to restructuring scenarios.
"Significant Subsidiary" refers to any subsidiary that plays a central role in a corporate restructuring process, whether due to its financial impact, strategic importance, or role in the company's long-term plans.
Definition of "Significant Subsidiary" as a subsidiary with strategic assets
This definition links "Significant Subsidiary" to strategic assets.
"Significant Subsidiary" means a subsidiary whose assets are considered strategically important to the parent company, including key patents, technologies, real estate, or intellectual property.
Definition of "Significant Subsidiary" as one with operational control
This definition ties "Significant Subsidiary" to operational control.
"Significant Subsidiary" refers to any subsidiary where the parent company exercises significant control over operations, including decision-making processes, management, or key business strategies.
Definition of "Significant Subsidiary" as one with market influence
This definition connects "Significant Subsidiary" to market influence.
"Significant Subsidiary" means a subsidiary that holds a substantial share of the market in its industry or region, significantly influencing the parent company’s competitive position.
Definition of "Significant Subsidiary" as a subsidiary subject to specific tax requirements
This definition links "Significant Subsidiary" to tax compliance.
"Significant Subsidiary" refers to any subsidiary that is subject to special tax reporting or compliance requirements due to its size, operational activities, or financial performance.
Definition of "Significant Subsidiary" as a subsidiary with critical infrastructure
This definition ties "Significant Subsidiary" to infrastructure importance.
"Significant Subsidiary" means a subsidiary that owns or controls critical infrastructure or assets that are essential to the parent company’s operations or the public interest.
Definition of "Significant Subsidiary" as part of a consolidated entity
This definition connects "Significant Subsidiary" to consolidation practices.
"Significant Subsidiary" refers to any subsidiary that must be included in the parent company's consolidated financial statements, based on its financial size, operations, or importance to the consolidated group.
Definition of "Significant Subsidiary" as one with a substantial workforce
This definition links "Significant Subsidiary" to workforce size.
"Significant Subsidiary" means a subsidiary with a substantial workforce, which, due to its headcount, directly affects the parent company’s labor management, operations, or HR policies.
Definition of "Significant Subsidiary" as defined by equity interest thresholds
This definition ties "Significant Subsidiary" to equity interests.
"Significant Subsidiary" refers to a subsidiary where the parent company holds a specified minimum equity interest, such as [specify percentage], determining its status as significant for reporting or governance purposes.
Definition of "Significant Subsidiary" as a subsidiary involved in critical projects
This definition connects "Significant Subsidiary" to key projects.
"Significant Subsidiary" means a subsidiary that is involved in critical projects or initiatives that are vital to the parent company's long-term business goals or growth strategy.
Definition of "Significant Subsidiary" as part of an international operation
This definition links "Significant Subsidiary" to international operations.
"Significant Subsidiary" refers to any subsidiary that operates in a key international market, playing a major role in the parent company’s global strategy or presence.
Definition of "Significant Subsidiary" as one in a high-risk industry
This definition ties "Significant Subsidiary" to industry risk.
"Significant Subsidiary" means a subsidiary that operates in a high-risk industry, such as financial services, energy, or healthcare, and has a significant impact on the parent company’s overall risk profile.
Definition of "Significant Subsidiary" as defined by parent company’s management
This definition connects "Significant Subsidiary" to internal management decisions.
"Significant Subsidiary" refers to any subsidiary that is considered significant by the parent company's management team based on its strategic importance, financial contribution, or impact on the company’s goals.
Definition of "Significant Subsidiary" as one involved in joint ventures
This definition applies "Significant Subsidiary" to joint ventures.
"Significant Subsidiary" means a subsidiary that is a joint venture with another party, where the parent company holds a significant interest, either financially or operationally, in the joint venture’s outcomes.
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