Professional Advice on Joint Venture Consolidation

0 Vote(s) - 0 Average

Professional Advice on Joint Venture Consolidation

tariqab
Offline

Junior Member

Posts: 47
Threads: 1
Joined: Feb 2009
Reputation: 0

#17

02-18-2009, 02:15 PM

Kamran,

I really appreciate your response but i need some more clarification.
You mean method 1 is correct. Another Venturer A has 45% holding,so the working will b as follow

Revenue (50x55%) 27.5
Cost (40x55%) 22.0
Profit (10x55%) 5.5

1. As per IAS-31 para 48, Sale of assets to by venturer to JV is mentioned,but revenue is differ from assets,(Revenue is cost of goods and services sold).
2. If we eliminate 100% internal billing to JV, how we can justify this with IFRS.

Regards
Tariq

« Next Oldest | Next Newest »

Users browsing this thread: 3 Guest(s)

Messages In This Thread

Professional Advice on Joint Venture Consolidation - by tariqab - 02-03-2009, 02:21 PM

[No subject] - by tariqab - 02-03-2009, 02:26 PM

[No subject] - by tariqab - 02-03-2009, 04:31 PM

[No subject] - by tariqab - 02-07-2009, 05:18 PM

[No subject] - by awaisaftab - 02-11-2009, 09:06 PM

[No subject] - by tariqab - 02-11-2009, 10:07 PM

[No subject] - by tariqab - 02-12-2009, 02:07 PM

[No subject] - by awaisaftab - 02-12-2009, 05:28 PM

[No subject] - by tariqab - 02-14-2009, 02:53 PM

[No subject] - by tariqab - 02-14-2009, 07:00 PM

[No subject] - by kamranACA - 02-16-2009, 03:58 PM

[No subject] - by tariqab - 02-16-2009, 05:23 PM

[No subject] - by kamranACA - 02-16-2009, 05:35 PM

[No subject] - by kamranACA - 02-17-2009, 05:58 PM

[No subject] - by tariqab - 02-17-2009, 06:17 PM

[No subject] - by kamranACA - 02-17-2009, 06:50 PM

[No subject] - by tariqab - 02-18-2009, 02:15 PM

[No subject] - by kamranACA - 02-18-2009, 05:25 PM

[No subject] - by tariqab - 02-18-2009, 06:30 PM

[No subject] - by kamranACA - 02-18-2009, 09:01 PM