I have a company which is liquidating and has a joint investment in a joint venture company which is also being dissolved. The investment in clients books have been impaired to the net assets of the joint venture as at ye 30/6/2019 and an impairment loss was recognised. The net asset increased for pe 31/12/2019, how do I treat this please? Do I have to reverse the impairment to current period jv net assets through profit and loss please?
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Depends on how it has been accounted for in the first place. FRS102 permits more than one method - see section 15 of the standard.