Continuing our series for Getting Ready for General Purpose Financial Statements, this month we look at accounting for associates. If you assess that your investment is not a controlled entity, …

This documentation covers all essential aspects of dividends from associates, including accounting methods, financial reporting, taxation, and strategic implications.

IAS 28 prescribes how to apply the equity method when accounting for investments in associates and joint ventures. An associate is an entity over which the investor has significant influence.

Our objective in preparing these Example Financial Statements is to illustrate financial reporting by an entity engaging in transactions that are typical across a range of non-specialist sectors.

Oct 10, 2024 · Separate financial statements, governed by IAS 27, are distinct type of financial statements where investments in subsidiaries, joint ventures, and associates are accounted …

Dividends from subsidiaries, joint ventures or associates are recognised in profit or loss in the investor’s separate financial statements when a right to receive the dividend is established. …

When the company receives the cash dividend from the associates, it can make the journal entry by recognizing the cash received as a decrease in the investment in associates as in the …

Since the Company is classified as a “Specified Company under Designated International Financial Reporting Standards (IFRS)” as provided in Article 1-2 of the Ordinance on …

The Company today announced that its board of directors approved a 10 percent increase in its quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share. …

As at 5 August 2022, due to the approval from Bermuda Monetary Authority, the Company increased its shareholding in the investees for FPSO Saxi Batuque and FPSO Mondo.