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To clarify something I note that the difference in the Group Retained earnings (after posting the consolidation adjustments) when compared to the Parent's retained earnings + subsidiary post acquisition profits is equal to: - the difference between the carrying amount of the investment in the PArent...

Yes I know... I tried to give as much details as possible... In a nutshell I am consolidating a subsidiary of which the Parent obtained control through the purchase of 25% of the share capital part way through the year and in the previous year this was an associate wherein the parent held 50%. Now t...

I am currently performing an IFRS consolidation and am having an issue with reconciling the closing Group Retained Earnings - I would appreciate if anyone may help out. The following is the scenario: P acquired a 50% investment in S in 2016 for €283,322. This investment is accounted for at equity me...

Actually reading par 9 of IAS27 again tends to make it clear that the equity method is allowed... thanks so much!!

In this particular case not much difference between the application of the equity method and fair value in terms of IFRS 9. It's more because of the accounting policy disclosure in the financial statements and the basis of the policy adopted. My issue is that I fail to see how IAS27 takes precedence...

Many thanks for your swift feedback. Do you know how can I substantiate the fact that IAS 27 takes precedence over other standards?

Hi, I am confused as to whether IFRS permit the adoption of the equity method for investments in subsidiaries in separate financial statements. Indeed the following is an extract from IAS 27 paragraph 10: When an entity prepares separate financial statements, it shall account for investments in subs...