Alba SA sells part of its interest in Brise SA and thereby loses significant influence; the retained interest is a financial asset. Alba receives consideration of 600,000. The fair value of the retained interest is 350,000, the amount of other comprehensive income to reclassify to profit or loss is 40,000 (gain), and the carrying amount of the investment at the date of loss of influence is 870,000 (case data). Calculate the gain recognised in profit or loss.
- Consideration received
- 600,000
- Fair value of the retained interest
- 350,000
- Other comprehensive income reclassified
- 40,000
- Carrying amount of the investment
- 870,000