Hello all.
Can anyone throw light on inter company loan leading to insolvency of the company with a twist of these loans not show on balance sheet on account of elimination during consolidation.
Any information, knowledge,case study or actual cases would help.
look forward to responses.
Protective rights is one example in IndAS 110.
impairment of intragroup loans- Example – Hawkins Petroleum plc (not filed for bankruptcy but subject to impairment)
https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/ifrs-9-impairment-intercompany-loans-in-depth.pdf
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