Orca SA and Pinson SA operate a refinery together, without a separate vehicle: it is a joint operation. Under the agreement, Orca has rights to 35 % of the assets held jointly, while its share of the output is 60% (agreed shares: case data). The jointly held installations have a carrying amount of 3,800,000. Calculate the share of the jointly held assets that Orca recognises.
- Carrying amount of the jointly held assets
- 3,800,000
- Orca's share of the assets (agreed rights)
- 35 %