Benefits consolidating subsidiaries Free online live sex chat sydney

Changes in the value of non-monetary items resulting from changes in foreign exchange rates are recognized temporarily under the heading “Valuation adjustments - Exchange differences” in the accompanying consolidated balance sheets.Changes in foreign exchange rates resulting from monetary items are recognized under the heading “Exchange differences (net)" in the accompanying consolidated income statements.Their share in the profit or loss for the year is presented under the heading “Net income attributed to non-controlling interests” in the accompanying consolidated income statement (see Note 32).Note 3 includes information related to the main subsidiaries in the Group as of December 31, 2012.In all cases, results of equity method investees acquired by the BBVA Group in a particular period are included taking into account only the period from the date of acquisition to the financial statements date.Similarly, the results of companies disposed of during any year are included taking into account only the period from the start of the year to the date of disposal.Assets and liabilities recognized under these headings in the accompanying consolidated balance sheets are measured at “amortized cost” using the “effective interest rate” method.This is because the consolidated entities intend to hold such financial instruments to maturity.

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If these assets are sold, these amounts are derecognized and included under the headings “Net gains (losses) on financial assets and liabilities” or “Exchange differences (net)", as appropriate, in the consolidated income statement for the year in which they are derecognized.Assets recognized under this heading in the consolidated balance sheets are measured at their fair value.Subsequent changes in fair value (gains or losses) are recognized temporarily for their amount net of tax effect, under the heading “Valuation adjustments - Available-for-sale financial assets” in the consolidated balance sheets.Note 17 details the impact that application of the proportionate consolidation method on these entities would have had on the consolidated balance sheet and income statement.Associates are companies in which the Group is able to exercise significant influence, without having total or joint control.

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