change in Group structure - From Control to No Control

AAamir8y ago

Dear Tutor, If P sells shares and becomes Non Controling from Controling enity, then in calculation of Group P/L on disposal of shares the goodwill figure which is used is it Goodwill as at date of acquisition of controlling interest or is it net off impairment as at date of disposal? It should be net off impairment, isn't it?

P2-D2Tutor8y ago#1

Hi, It is the goodwill figure at the disposal date, so will be after any impairment since the initial acquisition date. Thanks

AAamir8y ago#2

Thanks Sir.

AAamir8y ago#3

Dear Tutor, Similarly, in case of gain/loss on translation of overseas subsidiary, we will have to use Goodwill net off impairment in the profoma, right?

P2-D2Tutor8y ago#4

Hi, Correct, the goodwill is translated into the presentation currency of the group net of any impairment. Thanks

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