Presentation of consolidated financial results
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2012
There are 3 companies A (listed entity), B, and C (both unlisted).All are public limited comapnies.
Company B is a 100% subsidiary of Company A AND Company C is also a subsidiary of Company A wherein Co. A holds 51% shares.
Now,the structure has been changed.
Comapny B has become the holding comapny of Co. C holding 51% and the Comapny A holds 46%.
Which Company will consolidate the accounts of Comapny C and from which date?
Company B is a 100% subsidiary of Company A AND Company C is also a subsidiary of Company A wherein Co. A holds 51% shares.
Now,the structure has been changed.
Comapny B has become the holding comapny of Co. C holding 51% and the Comapny A holds 46%.
Which Company will consolidate the accounts of Comapny C and from which date?
22 January 2012
Since B is subsidiary of A ltd and C ltd is now a subsidiary of B ltd, C ltd also becomes subsidiary of A ltd (subsidiary of a subsidiary).
Both B ltd and A ltd will have to consolidate accounts of C ltd.
Both B ltd and A ltd will have to consolidate accounts of C ltd.
24 January 2012
Both B ltd and C Ltd are subsidiary of A ltd.
B Ltd will consolidate financial results of C ltd
while A ltd will consolidate financial results of B ltd (with C Ltd.'s financial results)
B Ltd will consolidate financial results of C ltd
while A ltd will consolidate financial results of B ltd (with C Ltd.'s financial results)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
