Presentation of consolidated financial results
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2012
There are 3 companies A (listed entity), B, and C (both unlisted).All are public limited comapnies.
Company B is a 100% subsidiary of Company A AND Company C is also a subsidiary of Company A wherein Co. A holds 51% shares.
Now,the structure has been changed.
Comapny B has become the holding comapny of Co. C holding 51% and the Comapny A holds 46%.
Which Company will consolidate the accounts of Comapny C and from which date?
Company B is a 100% subsidiary of Company A AND Company C is also a subsidiary of Company A wherein Co. A holds 51% shares.
Now,the structure has been changed.
Comapny B has become the holding comapny of Co. C holding 51% and the Comapny A holds 46%.
Which Company will consolidate the accounts of Comapny C and from which date?
CA Suraj Lakhotia
(Expert)
22 January 2012
Since B is subsidiary of A ltd and C ltd is now a subsidiary of B ltd, C ltd also becomes subsidiary of A ltd (subsidiary of a subsidiary).
Both B ltd and A ltd will have to consolidate accounts of C ltd.
Both B ltd and A ltd will have to consolidate accounts of C ltd.
Jiten Gupta
(Expert)
24 January 2012
Both B ltd and C Ltd are subsidiary of A ltd.
B Ltd will consolidate financial results of C ltd
while A ltd will consolidate financial results of B ltd (with C Ltd.'s financial results)
B Ltd will consolidate financial results of C ltd
while A ltd will consolidate financial results of B ltd (with C Ltd.'s financial results)
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