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One small question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › One small question

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 7, 2016 at 8:01 pm #320567
    Gvtftf
    Member
    • Topics: 25
    • Replies: 698
    • ☆☆☆☆

    Hello, dear Sir

    If we own 45% of ordinary shares in the company, but all others at the same time oen 1% and less each, can we say that we have a subsidiary under our control?

    June 7, 2016 at 8:12 pm #320579
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    It would seem that way, yes. That’s IFRS 10 I believe and it’s effective control – given the disposition of the remaining shares

    June 7, 2016 at 8:38 pm #320594
    Gvtftf
    Member
    • Topics: 25
    • Replies: 698
    • ☆☆☆☆

    Thank you, sir!

    June 8, 2016 at 7:03 am #320687
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You’re welcome

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