Intra group related parties
Date: Tuesday 9th November, 2010
Author: Gary Farnes
Profile: Gary Farnes
We have all got used to excluding from subsidiary company accounts the related party transactions where the group controls 90% or more of the voting rights of the subsidiary .
We have all got used to excluding from subsidiary company accounts the related party transactions where the group controls 90% or more of the voting rights of the subsidiary . Watch out as FRS8 revised now requires a 100% holding to get the exemption.
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Gary Farnes is a General Practice partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Gary you can call him on 01908 605552. Email Gary Farnes |
Keywords: 'Intra group related parties' 'subsidiary company accounts' 'related party transactions'
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.
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