• Consolidated group losses schedule

    • Show the actual amount of losses transferred from joining entities, not the amount that results after applying the available fractions.
    • Losses that fail the modified tests for transfer to a head company are not recorded on the schedule.
    • If a head company cancels the transfer of losses from a joining subsidiary the transfer is deemed never to have occurred and Part A of the Schedule is not completed in respect of those losses.
    • Only losses transferred from joining subsidiaries in the income year in which the group consolidated are included in Part A items 1, 2, 6 and 7.
      Last modified: 20 Oct 2010QC 17844