Page 278 - FR Integrated Workbook 2018-19

Chapter 20

Parent financial statements

2.1 Parent financial statement of profit or loss

$

Sale proceeds X
Carrying amount of investment (X)
—–

Profit/(loss) in parent SPL X

—–

2.2 Reporting

 Show separately as exceptional item on face of SPL below profit from
operations

 Tax is calculated on parent’s profit NOT group profit

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