Hi guys,
When disposing/writing off an entire foreign operation (foreign branch) because of abandonment, other than IAS 21's exchange differences treatment, which other IAS or IFRS should I consider when writing off the whole operation? Is there a specific standard about this particular circumstance?
PD: Sorry for my english, I´m not a native english speaker.
Thanks for your help!
Cheers.
Disposal of foreign branches
Re: Disposal of foreign branches
Hi,
Why abandon and not sell? Anyway, the below applies
https://ifrscommunity.com/knowledge-bas ... of-control
Why abandon and not sell? Anyway, the below applies
https://ifrscommunity.com/knowledge-bas ... of-control
Re: Disposal of foreign branches
Hi Marek,
The abandonment was a higher management decision.
Thanks for your quick replay!
Best regards,
The abandonment was a higher management decision.
Thanks for your quick replay!
Best regards,