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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Discontinued operation and sale of shares of Subsidiary
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,
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