Measurement of Investment in subsidiary and associates

Here's an extract from IAS 28 Investments in Associates I believe that that should help (but you're unlikely to come across this in F7!) "A parent that is exempted from preparing consolidated financial statements by paragraph 10 of IAS 27 may prepare separate financial statements as its primary financial statements. In those separate statements, the investment in the associate may be accounted for by the cost method or under IAS 39. [IAS 28.13(b)]" OK?

You're welcome