Chapter 1 — Presentation of Separate Financial Statements and Summarized Financial Information

1.5 Comparison of SEC Reporting Requirements for Equity Method Investees

The following table compares the annual requirements for separate financial statements, the annual requirements for summarized financial information, and the interim requirements for summarized income statement information under Rules 3-09, 4-08(g), and 10-01(b)(1), respectively:

Comparison of Regulation S-X Rules — Annual and Interim Requirements for Equity Method Investees
Regulation S-X Rule	Applicable Period	Each Equity Method Investee Individually	All Equity Method Investees in Aggregate	Significance Test(s)	Percent Significant	Financial Information of Equity Method Investee
Rule 3-09	Annual	X		Investment Income	>20%	Historical financial statements4
Rule 4-08(g)	Annual	X	X	Investment Income Asset	>10%	Summarized financial statement information
Rule 10-01(b)(1)	Interim	X		Investment Income	>20%	Summarized income statement information

Footnotes

The annual financial statements of a significant equity method investee must be audited for the periods in which one of the applicable significance tests exceeds 20 percent. The financial statements may be unaudited for periods in which the equity method investee is not significant.

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This SEC Reporting Interpretations manual provides comprehensive guidance; however, the manual does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.