Originally posted by Surandy70:
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If they have a controlling interest, ie 50% or more, then they have to account for the value of the crop even if it is yet to be harvested. Doesn't matter where the subsidiary/JV is held as the parent entity, AEB, is incorporated in Australia therefore is subject to Australian accounting standards.
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Crops are not inventory till harvested in aussie standards as far as I know. Lack of other inventory - well no surprise there ?
