[zohaib746]

There is no subsidiary, Only Entity and its Joint operation, let me rephrase it.
This thing is confusing me:

If the joint operation meets the definition of a ‘business’ then the
principles in IFRS 3 Business Combinations apply when an interest in a
joint operation is acquired:
• Acquisition costs are expensed to profit or loss as incurred
• The identifiable assets and liabilities of the joint operation are
measured at fair value
• The excess of the consideration transferred over the fair value of the
net assets acquired is recognised as goodwill.

At the reporting date, the individual financial statements of each joint
operator will recognise:
• its share of assets held jointly
• its share of liabilities incurred jointly
• its share of revenue from the joint operation
• its share of expenses from the joint operation.

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