T TigerPhil Registered User Messages 1 9 Mar 2017 #1 The subsidiary owes a non-trading 100k to the parent company. If that loan is written off, does it affect the distributable reserves of either company?
The subsidiary owes a non-trading 100k to the parent company. If that loan is written off, does it affect the distributable reserves of either company?
S srase Registered User Messages 69 13 Mar 2017 #2 If a loan is written off it is a loss for the company that advanced the loan. A loss would reduce the distributable reserves of this company.
If a loan is written off it is a loss for the company that advanced the loan. A loss would reduce the distributable reserves of this company.