In early 2019, PT X acquired share ownership of 2 entities, namely PT Y and PT Z with the following information: • PT X acquired a 30% stake in PT Y, where previously PT X already owned 40% of PT Y's shares. Based on the analysis conducted by PT X, the additional 30% share ownership resulted in PT X having control over PT Y. • PT X acquired 20% of shares in PT Z, where previously PT X owned 60% of PT Z's shares. Based on the analysis conducted by PT X, on the initial ownership of 60% of PT Z's shares, PT X had control over PT Z. additional 20% of the share ownership, PT X retains control over PT Z. Towards the end of 2020, PT X sold part of its ownership to the two companies, with the following information: • PT X sold 15% of its ownership in PT Y's shares. Based on the analysis conducted by PT X, the sale did not cause PT X to lose control of PT Y. • PT X sold 40% of its ownership in PT Z's shares. Based on the analysis conducted by PT X, the sale caused PT X to lose control of PT Z. Describe the accounting treatment for PT X for its ownership of PT Y and PT Z when: (references from IFRS is recommended) 1. Acquisition of additional shares in early 2019. 2. Sale of partial ownership towards the end of 2020.
In early 2019, PT X acquired share ownership of 2 entities, namely PT Y and PT Z with the following information:
• PT X acquired a 30% stake in PT Y, where previously PT X already owned 40% of PT Y's shares. Based on the analysis conducted by PT X, the additional 30% share ownership resulted in PT X having control over PT Y.
• PT X acquired 20% of shares in PT Z, where previously PT X owned 60% of PT Z's shares. Based on the analysis conducted by PT X, on the initial ownership of 60% of PT Z's shares, PT X had control over PT Z. additional 20% of the share ownership, PT X retains control over PT Z.
Towards the end of 2020, PT X sold part of its ownership to the two companies, with the following information:
• PT X sold 15% of its ownership in PT Y's shares. Based on the analysis conducted by PT X, the sale did not cause PT X to lose control of PT Y.
• PT X sold 40% of its ownership in PT Z's shares. Based on the analysis conducted by PT X, the sale caused PT X to lose control of PT Z.
Describe the accounting treatment for PT X for its ownership of PT Y and PT Z when: (references from IFRS is recommended)
1. Acquisition of additional shares in early 2019.
2. Sale of partial ownership towards the end of 2020.
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