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| Subject: RE: ERG owns 19.9%Card Etc AG (equity accounted once reaching 20%and over) | |
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Author: anonymous |
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Date Posted: 22:10:39 10/05/02 Sat In reply to: anonymous 's message, "Economic benefits to the ERG group from Proton for 2003 financial year" on 18:55:08 10/04/02 Fri RE: ERG owns 19.9%Card Etc AG. The 31.2 million dollar payment deferred but not lost. ------------------------------------------------------------ N.E. Renton "Understanding The Stock Exchange Chjapter 823 page 157. ------------------------------------------------------------ 1) Where less than 20% of another company is owned, then the shareholding is treated as an investment and credit is taken only for the dividends actually received or receivable. ------------------------------------------------------------ 2) If between 20 and 50 percent is owned then "equity accounting" can be used, meaning that credit can be taken for all the profits, less the proportion belonging to the outside minority shareholders. (if any) ------------------------------------------------------------ 3) If more than 50% is owned, then the company becomes a subsidiary and this latter principle again applies: credit is taken for all the profits, less the proportion belonging to the outside minority shareholders. (if any) ------------------------------------------------------------ http://www.xrefer.com/entry/163281 ------------------------------------------------------------ equity accounting ------------------------------------------------------------ The practice of showing in a company's accounts a share of the undistributed profits of another company in which it holds a share of the equity (usually a share of between 20% and 50%). The share of profit shown by the equity-holding company is usually equal to its share of the equity in the other company. Although none of the profit may actually be paid over, the company has a right to this share of the undistributed profit. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| 31.2 M ERG owns 19.9%Card Etc AG (equity accounted once reaching 20%and over) | anonymous | 04:03:32 10/06/02 Sun |
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