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Dealing with associates

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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November 30, 2010 at 8:48 pm #46445
moksud
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Hi
When consolidating SOFP (balance sheet) and SOI (P&L), how to you account for the associates?
I know for SOFP you have a line stating investment in associate, but what about in SOI?
Thanks
December 1, 2010 at 6:54 am #72208
MikeLittle
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Include as a PRE TAX income the parent’s share of the associate’s adjusted, time-apportioned profit after tax
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