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Loan notes in consideration

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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November 22, 2017 at 3:40 pm #417426
joypham
Participant
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Dear sir
I want to ask how the interest of loan notes issued as part of consideration will affect the group retained earnings calculation ? Is there any post acquisition effect of these loan notes on consolidated fs?
November 22, 2017 at 4:16 pm #417445
MikeLittle
Keymaster
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How can there be? The loan interest expense is an expense of the parent, not the subsidiary
In answer to your question … “Is there any post acquisition effect of these loan notes on consolidated fs?” … the answer is “No”
OK?
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