I have a doubt regarding consolidation of associate, i.e. whether subsidiaries of associate are also to be consolidated with the investor company of associate? step down subsidiary requires the intermediate company to be the subsidiary of investor comapny, so i think that only separate financials of the associate company will be consolidated with investor company. Please clarify.
2 Replies
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 30 December 2016
In case of associate, we need to do the equity pick up only. If associate also have subsidiary, equity pick up will be done on the basis of consolidated FS of associate.
Rinky Senger
(_)
(205 Points)
Replied 02 January 2017
Thanks for your guidance; Para 19 of AS 23 also says same.
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