Muhammad Amir - 02 Mar 2008, 09:36 am
Under IFRS,
Any Company that has been acquired by Parent or Holding Company, If the Parent Has Acquired more than 50%(i.e. controlling the Subsidiary) then it should be trated in accordance with IFRS-3 Business Combinations and IAS-27 Consolidated and Seperate Financial Statements.
And If the Parent Or Holding Company acquired another company between 10% to 50% and having significant influance in acquired company then it should be trated in accordance with IAS-28 Investment In Associates.
Regards,
Muhammad Amir
Any Company that has been acquired by Parent or Holding Company, If the Parent Has Acquired more than 50%(i.e. controlling the Subsidiary) then it should be trated in accordance with IFRS-3 Business Combinations and IAS-27 Consolidated and Seperate Financial Statements.
And If the Parent Or Holding Company acquired another company between 10% to 50% and having significant influance in acquired company then it should be trated in accordance with IAS-28 Investment In Associates.
Regards,
Muhammad Amir