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If A owned 49% of C
And
If B owned 51% of C and represent whole board in Cb controls C. Therefore consolidate
What would you do for A. Financial asset or associate?
In the consolidation of B, A would be a Non controlling interest NCI
We dont control the dealings of A, dont have A’s shares
A would be a financial asset when we have an interest in A less than 20% or when we dont have significant influence despite having the shareholding
Similarly A would be an associate if we can exercise significant influence over it and hold less than 50% but more than 20% shares
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