Summaries Relating To Exclusion of a Subsidiary
The following explanations are summaries the rules relating to exclusion of a subsidiary.
Serve long term restrictions hindering exercise of parent’s rights
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
Held exclusively for subsequent resale; has been consolidated
Current asset at the lower of cost and net realizable value