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Partnership as subsidiary
03-09-2010, 12:53 AM,
#1
Partnership as subsidiary
A subsidiary of a company acquired partnership firm without consideration and without any share in Partner's capital account. The control was acquired by virtue of an agreement in which 51% of voting rights were obtained.

Acquisition Date 1st October 2009
Pre Acquisition Loss Rs.306,543
Partner's Capital account Rs.308,000 (No contribution by holding Co)
Acc. Losses @ 31 december 2009, Rs.512,259

Using above data can anyone suggest me treatment of goodwill/Bargain purchase, considering paragraph 44 of IFRS 3.
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