top of page
  • Writer's pictureThomas Tsang

Equity accounting

When a company with associate but without subsidiary, the company still equity account for the associate even though we don’t call it consolidated financial statements. It is mentioned in FRS28, IN section.

For Companies Act compliance, company level financial position is required to present. Thus, we can still call group and company. The whole presentation is same as consolidated financial statements even though we don’t call it as such.

7 views0 comments

Recent Posts

See All

Under US GAAP, the carrying amount of the assets is compared to the undiscounted future cash flow of the assets generated. If the amount of undiscounted cash flow is highr than carrying amount, no im

When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe

In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail

bottom of page