Page 287 - SBR Integrated Workbook STUDENT S18-J19

Change in a group structure

Acquisitions

1.1 Mid-year acquisitions

A parent entity consolidates a subsidiary from the date that it achieves control.

If control is achieved part way through the reporting period then the results of the
subsidiary must be pro-rated so that only the post-acquisition incomes and expenses
are consolidated into the group statement of profit or loss.

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