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Can someone please help me, a group has close down (dissolved) its own subsidiary. How would i treat this on financial statements. What would be the treatment? Do i have to put the any profit and loss from this subsidiary under separate line of discontinued operation on income statement. what about assets and liabilities of this subsidiary.
Does it fall under IFRS 5 (but subsidiary is dissolved not sold) or any other standards. Thanks
Yes, it would form a disposal group as part of discontinued operations.