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Other comprehensive income – Disposal of subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Other comprehensive income – Disposal of subsidiary

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by Stephen Widberg.
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  • November 19, 2022 at 12:08 am #671830
    maisarah.hari
    Member
    • Topics: 15
    • Replies: 6
    • ☆

    Hello sir,
    1st situation – The gain or loss arising on the disposal also includes the amounts that had previously been recognised in other comprehensive income in relation to that subsidiary, if those amounts are required to be reclassified to profit or loss upon disposal.

    Amounts that are not required to be reclassified to profit or loss upon disposal of the related assets or liabilities shall be transferred directly to retained earnings.

    I don’t really understand how does that work?
    How the first situation could give effect gain or loss on disposal?

    November 19, 2022 at 5:50 pm #671880
    Stephen Widberg
    Keymaster
    • Topics: 11
    • Replies: 2837
    • ☆☆☆☆☆

    I suppose it means XD on foreign subs or cash flow hedges or gains on FVOCI loan assets – as these are the items that are recycled.

    Sounds too fiddly for an exam question.

    🙂

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