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Sorry for open too many thread because the thread that I previous open is close to replies
It means that in income from associate
we need to use post acquisition retained earning – full urp figure =XXXX and then Xassociate % ?for the consolidated financial position,
in the investment in associate
we need to use cost of invesment + share of adjusted post acquisition profits (less any impairments in the value of the investment)In the share of adjusted post acq profit,
it is using the post acquisiton retained earning -full urp and X associate % ? same like in income statement but in financial position the profit is to date and income statement is profit for the year
Am i correct?
Thanks you so much“It means that in income from associate we need to use post acquisition retained earning – full urp figure =XXXX and then Xassociate % ?”
Yes
“for the consolidated financial position, in the investment in associate we need to use cost of invesment + share of adjusted post acquisition profits (less any impairments in the value of the investment)”
I believe that that is what I wrote, yes
“In the share of adjusted post acq profit, it is using the post acquisiton retained earning -full urp and X associate % ? same like in income statement but in financial position the profit is to date and income statement is profit for the year
Am i correct?”
Yes, that’s correct
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