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Investment property

This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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May 29, 2021 at 10:03 am #622147
nk16
Participant
- Topics: 70
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The company A has a subsidiary B …B has a property that rents to c and c is also another subsidiary of A …
So is this classified as investment property or ppe
May 29, 2021 at 5:36 pm #622208
Stephen Widberg
Keymaster
- Topics: 12
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In B’s FS – IP
In group FS – PPE
May 29, 2021 at 6:07 pm #622223
nk16
Participant
- Topics: 70
- Replies: 37
The company A should classify as Ppe rgt….
May 30, 2021 at 4:53 pm #622329
Stephen Widberg
Keymaster
- Topics: 12
- Replies: 2843
A does not own it so is not in A’s FS at all.
But, in A’s GROUP FS, PPE, as you say. it will be PPE.
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