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(150)-SUMMARIES RELATING TO EXCLUSION OF A SUBSIDIARY

Sunday, April 11, 2010

Summaries Relating To Exclusion of a Subsidiary

The following explanations are summaries the rules relating to exclusion of a subsidiary.

Reason 1

Serve long term restrictions hindering exercise of parent’s rights

Accounting Treatment

Balance sheet: equity method up to date of serve restrictions less amounts written off if permanent fall in value. Profit and loss account: dividends received only

Reason 2

Held exclusively for subsequent resale; has been consolidated

Accounting Treatment

Current asset at the lower of cost and net realizable value

Reason 3

Dissimilar activities

Accounting Treatment

Equity method

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