Page 338 - F3 -FA Integrated Workbook STUDENT 2018-19
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Chapter 22
Intra-group interest receivable and payable
Ensure that only intra-group interest receivable and payable is cancelled – the parent
and subsidiary may also have interest receivable and/or payable from external
sources which should be included in the consolidated SP&L.
Dividend received by the parent from the subsidiary
If the subsidiary paid a dividend during the year, ensure that the parent’s share of the
total dividend paid by the subsidiary is removed from investment income in the
consolidated SP&L.
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