Thanks Mal85 - enjoy reading your insights. I was doing my own research on accounting methods - see below for those interested....
See below Extract from accounting standard AASB 128 - re Equity method accounting - explains perfectly how AFY is treated on TCH's balance sheet
AASB 128 section 10;
'10 Under the equity method, on initial recognition the investment in an associate or a joint venture is recognised at cost, and the carrying amount is increased or decreased to recognise the investor’s share of the profit or loss of the investee after the date of acquisition. The investor’s share of the investee’s profit or loss is recognised in the investor’s profit or loss. Distributions received from an investee'
TCH Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
