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sir wanted to confirm the following:
if we are given the carrying amount of investment in associate/subsidiary as at disposal date then we use that figure to compare with disposal proceeds and arrive at gain/loss on disposal to be included in the individual SPL.
However if we don’t have carrying amount of investment in associate/subsidiary as at disposal date then we use cost of investment in subsidiary/associate, is that right?
What you are saying is correct, but he normally only asks for the profit in the GROUP accounts.