Parent Got Investment in 100 percent Sub = £100k
Sub sold = £200K
Goodwill - Nill (fully amortised)
NBV of Sub at disposal = (£1m)
Gain For Parent = £100K
Gain for Group - £1.2m
Sub balance sheet will not be part of consolidation. If we Cr £1.2m gain to P&L where the Dr side will go? If this go to retained earning of Balance Sheet, how would we balance the both side of balance sheet?