IFRS 3 Business combination Disposal of controlling interest

QQC7y ago

Hi tutor, May I know is it convenient to refer to the link below and explain on the example 6 why the 3m gain reported in OCI is add back when calculate the gain or loss on disposal of controlling interest https://www.accaglobal.com/vn/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/business-combinations.html Thanks in advance

P2-D2Tutor7y ago#1

Hi, Yes, the gain that is held in OCI needs to be reclassified through profit or loss on disposal of the subsidiary as it has now been realised, so it is therefore added to the profit on disposal figure. Thanks

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