Financial reporting
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docs(entity-naming): Phase 2 — fix BCSC-material fee misattribution and sentence-initial full-legal-name openings across fee/disclosure/disclaimer surfaces (entity-naming-convention.md §§5,7.1,7.2,7.8,10)
@@ -4,7 +4,7 @@ title: "Financial reporting" slug: about-financial-reporting category: disclosure index_group: how-disclosure-works last_edited: 2026-08-24 last_edited: 2026-08-26 editor: woodfine-editorial status: stable short_description: "Periodic financial disclosures Woodfine Capital Projects Inc. intends to file as a reporting issuer under NI 51-102 upon effectiveness of its planned prospectus offering." @@ -16,11 +16,11 @@ references: text: "CSA National Policy 11-201, Delivery of Documents by Electronic Means, Canadian Securities Administrators." --- Woodfine Capital Projects Inc. intends to file mandatory annual and interim financial disclosures as a [[regulated-reporting-entity|reporting issuer]] under National Instrument 51-102 *[[about-disclosure-obligations|Continuous Disclosure Obligations]]*, upon effectiveness of its planned prospectus offering.[^1] These filings give investors and regulators audited and reviewed financial statements and management's analysis of results and outlook. If WCP is classified as Mandatory annual and interim financial disclosures are planned as a [[regulated-reporting-entity|reporting issuer]] filing under National Instrument 51-102 *[[about-disclosure-obligations|Continuous Disclosure Obligations]]*, once Woodfine's planned prospectus offering takes effect.[^1] These filings give investors and regulators audited and reviewed financial statements and management's analysis of results and outlook. If Woodfine is classified as a non-venture issuer, its filings also include an annual information form describing the company's business, risk factors, and governance structure — a venture issuer is not required to file one. @@ -73,25 +73,25 @@ that occurred during the quarter. This section describes NI 51-102 reporting as it applies to the Canada and United States [[direct-hold-solutions-structural-comparison|direct-hold solutions]], which are structured as limited partnerships. A limited-partnership-form direct-hold solution that has completed a prospectus offering is a distinct reporting issuer with its own obligations under NI 51-102; WCP intends to become a reporting issuer upon with its own obligations under NI 51-102; Woodfine intends to become a reporting issuer upon effectiveness of its planned prospectus offering. Each LP-form direct-hold solution files its own audited annual financial statements and MD&A as a standalone issuer; where a solution is a non-venture issuer, it also files an annual information form. As a venture issuer, Professional Centres Canada LP is not required to file an AIF. None of these filings are consolidated into WCP's financial statements. The Spain SOCIMI and Woodfine's financial statements. The Spain SOCIMI and Mexico FIBRA report to their own jurisdictions' regulators — the CNMV and CNBV respectively — under those regulators' own disclosure regimes, not NI 51-102 or SEDAR+. WCP applies the investment entity accounting treatment under the IFRS 10.31–33 consolidation Woodfine applies the investment entity accounting treatment under the IFRS 10.31–33 consolidation exception (IFRS 10.27 sets out the investment-entity definition criteria that qualify an entity for it): its interest in each direct-hold solution is measured at fair value through profit or loss rather than consolidated on a line-by-line basis into WCP's statements. The fair value of WCP's interest in each solution is disclosed in WCP's own financial statements in accordance with IFRS 12.19A–G, which requires on a line-by-line basis into Woodfine's statements. The fair value of Woodfine's interest in each solution is disclosed in Woodfine's own financial statements in accordance with IFRS 12.19A–G, which requires disclosure of the financial information of unconsolidated investment entity investees. Each direct-hold solution therefore maintains two disclosure streams: its own standalone filings under its own jurisdiction's regime, and a fair-value line in WCP's statements as an investee under its own jurisdiction's regime, and a fair-value line in Woodfine's statements as an investee of an investment entity. For the LP-form vehicles, T5013 partnership information slips are issued to limited partnership unitholders for the applicable fiscal year.