10-01-2009, 01:55 PM
Dear KamranACA,
Thank you for your useful response. I think it is very clear from the opinion of of ICAP that all holding companies are required to consolidate their accounts in addition to standalone accounts.
One thing i want to share with all members that under IAS-27 a company is not exempt from consolidation merely that it is unlisted company. There are four conditions in order to get exemption from consolidation under para 10. These all four conditions must be fulfilled to get such exemption.
Needless to mention all the conditions because all relevant member would be well aware from para 10.
Thanks again.
Regards,
*
Thank you for your useful response. I think it is very clear from the opinion of of ICAP that all holding companies are required to consolidate their accounts in addition to standalone accounts.
One thing i want to share with all members that under IAS-27 a company is not exempt from consolidation merely that it is unlisted company. There are four conditions in order to get exemption from consolidation under para 10. These all four conditions must be fulfilled to get such exemption.
Needless to mention all the conditions because all relevant member would be well aware from para 10.
Thanks again.
Regards,
*
