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1)Router held 25% of holding later router sold a 15% of holding reducing it’s investment to 10%?
As he has lost its significant influence wd he account it now according to IFRS9 fair value through p/l or fair value through OCI.2)If company has issued interest free loan to its employee.does it qualify for IFRS 9 Financial asset measured at amortized cost?
I imagine that the answers are:-
1) yes at fair value but I think I’m correct in saying through P/L
2) no. What’s the double entry to record the giving of the loan? It has to be Dr Receivable Cr Cash with the full amount of the loan
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