The carrying amount of Alba SA's interest in Brise SA, an associate accounted for under the equity method, is 1,500,000 at the start of the year. During the year, Alba's share of Brise's profit is 120,000, its share of other comprehensive income is 15,000, and Alba receives 60,000 in dividends. Case convention: no impairment and no other movement. Calculate the closing carrying amount.
- Carrying amount at the start of the year
- 1,500,000
- Share of profit
- 120,000
- Share of other comprehensive income
- 15,000
- Dividends received
- 60,000