Discontinued operation and sale of shares of Subsidiary

SSalman7y ago

Dear sir, If we sale the shares of a subsidiary (for example we were holding 70% of shares of a Subsidiary and we sale 40% of the shares such that it become Associate), do we need to make discontinued operation disclosures. Is it linked to discontinued operations in any way? Thanks,

P2-D2Tutor7y ago#1

Hi, In the group accounts it would be considered a disposal group and treated as discontinued as we no longer have control of the subsidiary. In the individual accounts it would not be a discontinued operation. Thanks

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