mid year acquisition of associate

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November 17, 2017 at 2:27 am #416183
zaheerzaynah
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If an associate has been acquired on a mid-year basis, should the Parent’s share of the latter’s post acquisition reserves be proportionated or should we take it fully (for a whole year)?
November 19, 2017 at 8:58 pm #416746
P2-D2
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Hi,

We need to proportion the profits for the year, similar to how it is done with a subsidiary.

Thanks
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