Mont SA held 30% of Aval SA, carried at 1,150,000. On 30 September, it acquires a further interest that gives it control; the fair value of its previous 30% at that date is 1,480,000. Case convention: an equity-accounted interest, whose remeasurement falls in profit or loss; no amount has been recognised in other comprehensive income in respect of this interest. Calculate the remeasurement gain on the previously held interest.
- Fair value of the previous interest
- 1,480,000
- Carrying amount of the previous interest
- 1,150,000