Holding Company Query
This query is : Resolved
11 May 2009
Why we don't show subsidiary companies PROPOSED DIVIDEND in Consolidated Balance Sheet?
as we add whole amount of PROPOSED DIVIDEND in the Association of Profits of subsidiary companies
as we add whole amount of PROPOSED DIVIDEND in the Association of Profits of subsidiary companies
11 May 2009
1. Proposed dividend is an appropraition of profit for subsidiary company and income for holding company.
2. It is a inter group transaction, hnece not shown in consolidated balancesheet.
2. It is a inter group transaction, hnece not shown in consolidated balancesheet.
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