Minny dec 12

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March 22, 2018 at 12:18 pm #443446
zkaay
Participant
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Hi sir,

In note 4 … FVTOCI

Why we record gain of 3 in RE and remove it from OCE

Shouldnt be all gains and losses recorded in oci/ oce?

Thanks
March 23, 2018 at 9:23 pm #443645
P2-D2
Keymaster
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Hi,

The gains would have been recorded in OCI/OCE but once the investment becomes an associate we have in effect disposed of the investment and now have an investment in associate, so the gains are transferred to RE.

Thanks
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