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Goodday Chris,
Wanted to know if the group doesnt have a significant influence in an associate, (and its neither a subsidiary ) then it should be treated as trade investment per IFRS 9 right and would not be consolidated?
My question being is to confirm on the treatment:
1. is it of a trade investment ?
2. the accounted per IFRS 9 or what standard?It cant be a jv or jo because that would be under group right? and then disclosure is per IFRS 12
Hi,
If there is no significant influence then yes it would be treated as a financial asset under IFRS 9.
It would only be a JV is there was a contractual agreement between the parties that stated there was joint control.
Thanks
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