03-27-2007, 05:24 PM
Dear,
My questions, in my view, are comprehensive.
I was talking about the application of revised IAS 28 which requires to state the investments in associates under equity method.
This results to account for post acuistion share of profit from associates by adjusting the carrying value of investments in such associates. Any dividend received is to be deducted from carrying amount of investments. The direct changes in the reserves (equity compnents) of associates has to be directly recognised in the statements of changes in equity.
This is what I was discussing. I mean the impact of doing this all on
1. Workers' participation fund.(Query No. 1)
2. Workers welfare fund. (Query No. 2)
For detail revisit the queries seprately.
Best regards,
Kamran.
My questions, in my view, are comprehensive.
I was talking about the application of revised IAS 28 which requires to state the investments in associates under equity method.
This results to account for post acuistion share of profit from associates by adjusting the carrying value of investments in such associates. Any dividend received is to be deducted from carrying amount of investments. The direct changes in the reserves (equity compnents) of associates has to be directly recognised in the statements of changes in equity.
This is what I was discussing. I mean the impact of doing this all on
1. Workers' participation fund.(Query No. 1)
2. Workers welfare fund. (Query No. 2)
For detail revisit the queries seprately.
Best regards,
Kamran.
