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  • 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.

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