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Foreign currency disposals

This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.

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February 20, 2019 at 11:41 am #505883
richardscully
Member
- Topics: 197
- Replies: 145
Hi
The gain or loss on exchange that exists in the translation reserve is recycled on disposal of a subsidiary.
Does this mean any gains or losses in OCI from any sub over time are recycled as soon as any sub is disposed of?
Thanks
February 25, 2019 at 10:11 pm #506530
P2-D2
Keymaster
- Topics: 4
- Replies: 7079
Hi,
Yes, once the subsidiary has been disposed of then everything associated with it needs to go, including the stored up gains and losses.
Thanks
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