Associate and Subsidiary

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May 1, 2017 at 7:48 am #384407
salman7
Participant
- Topics: 77
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Dear sir,

1. Can we define an associate as being a company on which we have significant influence (we have the power to participate in the financial and operating policy decisions of that company)?

2. Can we define a subsidiary on which we have control (we have the power to direct its operating and financing decisions)?

Thanks,
Laiq
May 1, 2017 at 8:13 pm #384504
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

It’s a yes on both accounts above.

Thanks
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