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hi mike for the consolidation, you mentioned that while preparing group accounts it is only ever the share capital of the parent company and never the subsidiary? does the same hold for share premium and other reserves as well?
and what if the subsidiary has an issue of new shares over the year, the what do we do?thanks
The same DOES hold for share premium but not necessarily to other reserves – it depends on whether there has been any post acquisition movement
In F7 there is no way that the subsidiary is going to issue shares post-acquisition and therefore also there will be no movement on the subsidiary’s share premium account
OK?
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