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Definition of fellow subsidiary

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2012 what is the definition of fellow subsidiary?

Plz clarify with an example if one holding co 4 subsidiary and one subsidiary is aslo a holding company ?

Thanks
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Sanjay Chauhan (IFRS)

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Sanjay Chauhan (IFRS) (Expert)
23 May 2012 "A company is considered to be a fellow subsidiary of another company if both are subsidiaries of the same holding company."


Example:
A is the Ultimate holding Company,

B and C are Subsidiaries of A then C is fellow of B and B is a fellow of C.

X is a Subsidiary of B then C is also a fellow of X whne looked from a bigger Group level ie A.

Y is a subsidiary of C then X and B are fellow subsidiaries of Y at the ultimate holding Company level.
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