CONSOLIDATION

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August 25, 2021 at 11:01 am #632856
shaunak22
Participant
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Sir could you please explain how dividends from associate is treated in consolidated PNL and consolidated SOFP?
August 29, 2021 at 11:16 am #633358
P2-D2
Keymaster
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Hi,

Any dividends received from the associate are eliminated when equity accounting as we are replacing them with the share of profit of associate in the group SPL. On the group SFP the dividend received is a reduction in the investment in associate.

Thanks
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