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Hi
Please a few clarifications
1. Why did Ginny not go to a separate line item as discontinued operation? I know it became an associate , but control was over?
2. Is the only part of share of profit of associate that which is from P or L that is dealt with in the statement of Financial position or would we add both OCI and Por l together? Obviously SOCF I understand is P or L
3. I notice for net obligation interest they used the interest rate at the beginning of the year and not an average or the year end…???
4. I added loss on disposal into the calculation of the discontinued line item, is that OK?
Regards
Richard Scully
Hi,
Sorry for the delayed response.
1. Presumably because it didn’t meet the criteria for IFRS 5, i.e. not a separate line of business or geographical area.
2. Both the share of profit and share of OCI would be included within the investment in associate.
3. IAS19 states that we use the opening rate.
4. If it was discontinued then it would be but it wasn’t discontinued.
Thanks
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