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Hey Mike,
Under what circumstances we will recognise a gain or loss to P/L in a step acquisition situation where we already previously had an interest in the acquiree, and the previous holding is restated at FV :
1 when an investment holding is converted into associate holding.
2 or ONLY when the control holding is achieved ?To be honest, I’ve don’t remember ever coming across an example of the first option you have given me.
However, I believe that we would revalue to fair value the original investment and add the cost of the later investment which takes us to associate status.
It’s probably not a likely issue within the next couple of weeks (fingers crossed!)
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