Kindly if an entity is reporting to group of companies as subsidiary because the holding company own 49% of this company only so on the consolidation level we are consolidating the equity only , my question for the trade transactions between this entity and other group entities will be classified as Inter-company transaction or as trade creditors ( like any external supplier) ???
regards  
tony

As per IAS, under consolidation, inter company transactions and inter company profits are to be eliminated.

Best Regards

Hi all,

 
Yes, as normal inter-company only and eliminating transactions are at the …