Share of associate’s net assets lower than carrying value but impairment not recognised UK investment manager Ashmore shows its share of an associate’s net assets as £0.6 million compared to a carrying value of £2.3 million but does not consider that this difference constitutes an impairment.
Only intrinsic value of options designated as cash flow hedges
UK investment manager Ashmore enters into options to hedge the currency risk of future US dollar management fee income and designates only their intrinsic value as cash flow hedges.
Controlling interest in company not consolidated UK investment manager Ashmore does not consolidate investment where control arises but classifies interest as held for sale.
