Consolidation - Part Disposal - Control Retained

Hi, You are correct that in the parent's separate financial statements there is a gain/loss on disposal. This would be treated based upon the legal form of the transaction, in that it is the disposal of shares. Therefore the gain/loss is calculated by comparing the proceeds to the carrying amount of the shares disposed of. Thanks

You're all over it! Your knowledge is very good indeed, yes this would need to be cancelled on consolidation and replaced with the group profit/loss on disposal. Keep up the top work!