Consolidation of Foreign sub

Hi there, Can anyone advise how to treat intercompany loans during the consolidation of a foreign sub under ifrs? I am trying to calculate the fx gain/loss that goes to equity on translation of the subs net assets but I’m unsure what adjustments ...

By |October 3rd, 2010|CONSOLIDATION, DOCUMENTS, IAS 21|5 Comments

Intragroup losses requires impairment?

Should the receivable from 100% subsidiray requires impairment if there are accumulated losses in sub and net worth is negative? If  it require impairment then what is the criteria to apply and specialy when audit report of that sub  has unqualifie...

By |March 10th, 2010|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 36|4 Comments


Dear All   Can any body tell me that is budget only for expenses or can be for Asset, liabilities and income also. My openion is it can be for all (Asset, liability, Expense and income). Please help me according to the IAS/IFRS. – Best regard...

By |December 14th, 2008|AUDIT, IFRS, OTHER, TAX|0 Comments

Waiver of Inter company Loan

Please let me know the treatment of Inter company loan waiver.Example  Company A is fellow subsidiary of company B. And company B has given loan to company A for $ 10,000 and there is accrued interest of $ 1000 on loan. Now Company B waive off all loa...

By |August 28th, 2008|CONSOLIDATION, DOCUMENTS|0 Comments


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 enti...

By |August 28th, 2008|CONSOLIDATION, DOCUMENTS|0 Comments

Recognition of Transfer Pricing charges

Quik question for the group. How would you record transfer pricing charges to a foreign subsidiary above the profit line in the P&L?  Specifically, if the TP charge is US$ 1.0MM – I understand the parent side would be an entry to a revenue account; however, the question is how to record it on the [...]

By |August 28th, 2008|IFRS|0 Comments