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Can anyone please tell me what all are included in the calculation for group retained profit for consolidation.
If there is one Sub and one associate ?Thanks in Advance
retained reserves if u mean then thats how it goes
Parent’s own reserves now (i.e at Statement of Financial Position date)
+/- any adjustment to parent [eg Parent’s property revaluation or PUP deduction if parent sells to Sub]
Plus: Group share of Post-acqn Reserves of S (if losses you subtract)
plus: Group share of Post acqn profits of A (if losses you subtract)
less Impairment share of P both for S and A
Retained reserve figure for SOFP
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