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gain/loss on disposal of investment(calc for inclusion in individual SPL)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › gain/loss on disposal of investment(calc for inclusion in individual SPL)

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • May 24, 2021 at 3:49 am #621566
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir wanted to confirm the following:

    if we are given the carrying amount of investment in associate/subsidiary as at disposal date then we use that figure to compare with disposal proceeds and arrive at gain/loss on disposal to be included in the individual SPL.

    However if we don’t have carrying amount of investment in associate/subsidiary as at disposal date then we use cost of investment in subsidiary/associate, is that right?

    May 24, 2021 at 11:10 am #621602
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3447
    • ☆☆☆☆☆

    What you are saying is correct, but he normally only asks for the profit in the GROUP accounts.

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