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Its a mid yr acquisition and the parent gave loan to subsidiary of $50m at 8%,the post acq period is 6 months,in the CSOCI how do we adjust the finance cost in subsidiary?
Q Pandar dec 2009I believe I would time apportion the income statement and then use the post acquisition profits in the calculation of working 3, retained earnings. But in that calculation, deduct from combined finance income the intra-group interest and from the combined finance costs deduct the amount paid by the subsidiary on the intra-group loan.
OK?
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