03-02-2009, 04:23 PM
Dear,
I was extremely busy these days. No problem otherwise. I forwarded your query to some one else and he gave me following answer. See it and if there is some issue let me know.
First Case
The Holding Company will do nothing except a disclosure as if the assets of its own lost by fire after the balance sheet date.
Second Case
The company will prepare the adjusted financial statements for consolidation purposes as at the date of Holding company's balance sheet date.
Regards,
KAMRAN.
I was extremely busy these days. No problem otherwise. I forwarded your query to some one else and he gave me following answer. See it and if there is some issue let me know.
First Case
The Holding Company will do nothing except a disclosure as if the assets of its own lost by fire after the balance sheet date.
Second Case
The company will prepare the adjusted financial statements for consolidation purposes as at the date of Holding company's balance sheet date.
Regards,
KAMRAN.
