- This topic has 3 replies, 2 voices, and was last updated 11 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hi Mike,
If P owns 80% of S’s shares, but there is no public trading of P’s shares, is there a legal requirement to produce consolidated accounts?
P does not file financial statements on a public market.
Many thanks,
Andrew
It really isn’t applicable for F7 but this is what I think ….. I believe that IFRS3 requires the preparation of group financial statements wherever a company has one or more subsidiaries ……. but I could be wrong there
Given that it’s of little relevance to F7 I’m afraid to say that I have never bothered to research it – sorry
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.