It is a general presumption that if an entity holds 50% or more voting rights of another entity then it can be further evaluated for assessing if any Control (for consolidation purposes) exists over the investee. HoweverInd-As -110 "Consolidated Financial Statements"para B 41-42 defines situat...
exchangeratesinthefinancialstatements.Scope3ThisStandardshallbeapplied:(a)inaccountingfortransactionsandbalancesinforeigncurrencies,exceptforthosederivativetransactionsandbalancesthatarewithinthescopeofIndAS109,FinancialInstruments;(b)intranslatingtheresultsandfinancialpositionofforeignoperationsthatareincludedinthefinancial...
TheAS 115may also lead to a large-scale consolidation: Developers who are financially weak and over-leveraged and who may have multiple projects and seemingly strong balance sheets may find it difficult increasingly to obtain funds if they don’t have a good track record of delivery. Thus, IN...
holding, subsidiary, joint venture or associate companies of companies covered under sub-clause (a) of clause (iii) of sub-rule (1) and sub-clause (b) of clause (iii) of sub-rule (1), as the case may be:' It would be noted from the above that where a c...
CREDIT AGREEMENT dated as of June 15, 1998 between RECKSON SERVICE INDUSTRIES, INC., as Borrower and RECKSON OPERATING PARTNERSHIP, L.P., as Lender relating to the operations of RECKSON SERVICE...