Bubble Dec 15

This topic has 1 reply, 2 voices, and was last updated 9 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
December 2, 2016 at 2:44 pm #353219
shoj
Member
- Topics: 11
- Replies: 11
Anytime an unsettled contingent liability arises which has not been paid at report date, does this go in the net assets working?

This is in relation to Salt’s net asset working. Also what happens to the initial $5m disclosed? Does this have to be taken out?
December 4, 2016 at 6:30 pm #353787
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Yes, they are included as per IFRS 3 where they are included at fair value in the subsidiary’s net assets. So here it is at $1 million.

The $5 million is only shown in the individual accounts and not the group accounts.

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.