Company A owns 20% of company B and also 40% of company C
Assuming the group [A+B+C] is below the group accounts threshold what disclosure do I need in the accounts of company A in relation to the 2 subsidiaries?
Company A has the ability to exert significant influence over company B & C
Thanks all in advance
Replies (2)
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What group?
"Company A owns 20% of company B and also 40% of company C"
As neither is a 50+% shareholding, neither B nor C is a subsidiary, so there is no group and no possibility of group accounts.
However, 20% is the threshold for an associated company. I am not in the office and I cannot remember the detailed disclosure requirements, but they are more extensive than just a fixed asset investment. I think you have to disclose the names of companies B & C and possibly, their retained profits.