IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 c) Control : has the meaning determined by IFRS 10 - in general terms, one entity controls another when it has power over that entity that gives it the ability to manage the activities to which it is exposed, or when it has rights in relation to variable results through its relationship with that entity and has the capacity to affect those results through the power it exercises over the investee. d) Joint Control: : is the sharing of control, contractually agreed, of an eco- nomic activity that exists only when strategic decisions related to the activ- ity require the unanimous consent of the parties that share control; e) Significant Influence: it is the power to participate in the decisions of the financial and operational policies of a specific entity, but which does not confer control over those policies. Significant influence can be obtained through ownership of shares, by-laws, or agreement. 299