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Investment income in consolidated statement of profilt and loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Investment income in consolidated statement of profilt and loss

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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  • April 25, 2020 at 11:38 am #569200
    gurpreet9080
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Hi John,

    Could you please assist and advise how can we deal with investment income if it is sjown in statement of profit and loss of both Parent and holding.

    Also there is some additional note regarding the investment income which says:
    P acquired 75% of S shares. No dividends were paid by either entity during the year. The investment income is from listed investments and has been correctly accounted for.

    Thank you

    April 25, 2020 at 2:52 pm #569211
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54776
    • ☆☆☆☆☆

    It will be shown in the SOPL of whichever company earned the income, and also in the consolidated SOPL.

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