In group restructuring under common control, the investments costs usually by way of new issue of shares in consideration for the issued share capital of the subsidiary. This is to avoid gain or loss resulted from restructuring.
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See AllPer FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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