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Ann: First Quarter Activities and Cashflow Reports-TAS.AX, page-7

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nursery

18,524 Posts.

1009

02/11/16

08:24

Post #: 20298518
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Originally posted by shoe5049 ↑

I posted this just after the last quarterly came out.... TAS has CONTROL over EDE.

Quotes From :
https://www.cpaaustralia.com.au/~/m...onsolidated-seperate-financial-statements.pdf

"IAS 27 shall be applied in the preparation and presentation of consolidated financial statements for a group of entities under the control of a parent."

"Control over an entity is presumed to exist when the parent entity has direct or indirect ownership of more than half of the voting power ..."
"Control also exists when the parent owns half or less of the voting power of an entity when there is:
-- power over more than half of the voting rights by virtue of an agreement with other investors
-- power to govern the financial and operating policies of the entity under a statute or an agreement
-- power to appoint or remove the majority of the members of the board of directors or equivalent governing body and control of the entity is by that board or body, or
-- power to cast the majority of votes at meetings of the board of directors or equivalent governing body and control of the entity is by that board or body."

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A friend of mine who has EDE shares only has written to the auditors for TAS requesting an explanation. We await a reply.

TAS Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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