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Like I have said that is the plan but we are waiting on a restructuring of the company.
We are not audited yet but will need to be.

@Marek - Haha no that query is for another subsidiary.
I should have specified.

@pub_acco Thanks so much. Points are valid and will take them into consideration. We are not yet audited but should consider that for the future. @Ifran IFRS standards have not been applied in the past something we are working towards. I do think the economic reality should be reported especially be...

I am part of the FS clean up and preparation for auditing. So in the past only $100 has been recognised when initially purchased way back in the day. To me this is not a true reflection of the investment in subsidiary. Equity Method: How does the Equity Method apply for Subsidiaries? what would the ...

Hi, I am battling with choosing the most applicable accounting method for recognising a 100% held subsidiary in the parents separate financial statements. We are not yet at the stage of preparing Consolidated Financial Statements however this is the goal. Objective: To most appropriately record the ...