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Assuming that an entity is not exempt from using the equity method of accounting, such method will apply to the above investments in the Group accounts. Question though sir, how would these investments be accounted for in the parent’s individual accounts?
Hi,
They would be accounted for in the same manner in the parent’s accounts. It isn’t like in the scenario where we have an investment that gives us control and the investment is measured under IFRS 9 in the individual accounts and then removed from the group accounts when the subsidiary is consolidated.
The investment in an associate/JV is equity accounted for overall.
Thanks
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