Hi Sir, I hope you are doing well and safe! The Viegem Co question can be found in BPP revision kit. I wanted to understand why while calculating share of profit of associates we have no done 9/12 , ultimately when we are propertionting alll expense/income then why not this as well ?
I’m well, thanks. The investment in the associate has been held for several years and so has been held for the full year being reported upon, hence there is no requirement to pro-rate the profits.