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Group retain earning in step acquisation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Group retain earning in step acquisation

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • December 1, 2011 at 7:13 am #50831
    jasmineweiwei
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    If we have financial year say y/e 11/09/30. Suppose the parent acquire additional shares in a company in the mid of year say 11/04/01 and let the share holding increase from 25% to 65%(from EI/Associate to a subsidary).

    When we caculate Group retain earning, should we include Parent 25% share of profit for the period 10/10/1-11/04/01?
    Or it had been already included in Dereognition of EI/Associate and we should not doubt count?

    December 4, 2011 at 6:54 pm #90439
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23319
    • ☆☆☆☆☆

    Already recognised in the calculation of profit / loss on the disposal of the associate

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