The 2008 IFRS-based financial statements of EADS N.V., the owner of Airbus, the Frenchbased airline manufacturer, included the following account information (in million euros).
REQUIRED:
a. Explain the meaning of each of the 2008 disclosures.
b. Estimate the balance sheet carrying amount of the investments in associates disposed of during 2008. (Hint: Attempt to recreate the activity in the "investments in associates accounted for under the equity method" account.)
c. Was there a gain or loss on the disposal? How large?