@Tekvest,Ah, I see your explanation now. So basically, writing...

@Tekvest,

Ah, I see your explanation now.

So basically, writing back all the losses it had recorded previously, from previous years???

But then, why doesn't the company write off the carrying value (Original investment) of IM3NY or an impairment charge???

Guess my point was, C4V was written off (reduction in carrying value)

Why under the same circumstances, wasn't IM3NY investment written off too?!?

If its NOT written off, it should still appear in the balance sheet as an Non-Current Asset investment?!?

If you think about it, lots of public companies (BHP, CBA, NAB) hold shares in companies they don't have control of, as subsidiary, yet they still record the Investment Asset in their Non Current Asset Account.

And if it was written off, there should be a Big Expense item.

So, where did it go to???

https://hotcopper.com.au/posts/72938595/single