Relevant Accounting Standards Interpretations

ASI 16: Treatment of Proposed Dividend

In case an associate has made a provision for proposed dividend in its financial statements, the investor’s share of the results of operations of the associate should be computed without taking into consideration the proposed dividend.

ASI 18: Consideration of Potential Equity Shares

The potential equity shares of the investee held by the investor should not be taken into account for determining the voting power of the investor.

Accounting for Discontinuing Operations under AS-24

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