Company A holds total control over the board of directors of company B. But it does not have any voting rights in the company B.
Is company A required to consolidate the results of company B with its own results.
If yes, what is the share of results to be included for line by line consolidation.
As per IFRS 27, Parent Company should have more than half of the voting rights of the subisdairy company for consolidation.
Following should be taken into consideration for substantive operating companies:
Own more than 50 percent of the voting …