Balance SheetIntermediate📖 8 min read

Investments in Subsidiaries at Cost

Parent-Only Accounting for Controlled Entities in Separate Financial Statements

Where Seen
Parent-only/separate financial statements
Method
Cost (less impairment)
Income
Only dividends received
Contrast
Vs. consolidation in group accounts
Common Under
IFRS (IAS 27 option); local GAAP

Investments in Subsidiaries at Cost shows up in a parent company's standalone (separate) financial statements when it records its ownership in subsidiaries simply at the original purchase price or cost, instead of consolidating them or using the equity method. Even though the parent controls these companies (usually >50% ownership), separate statements often keep things simple by treating the investment like a fixed asset held at cost.

Table of Contents

Why Separate Statements Use Cost Method

In the big consolidated group accounts, you see 100% of every subsidiary's assets, liabilities, and profits. But many countries require or allow a parent company to publish its own solo financials. In those solo statements, the parent treats its subsidiaries like any other long-term investment.

Keeping them at cost makes the parent's own balance sheet clean and focused on what it directly owns, without all the detail from dozens of subs.

A Quick Example to See the Difference

ParentCo buys 100% of SubCo for $50 million cash.

  • In consolidated statements: You add all of SubCo's assets/liabilities line-by-line, eliminate the $50M investment, and show group totals.
  • In ParentCo's separate statements: You just show 'Investment in Subsidiary' at $50 million. No SubCo details appear.

Later, SubCo earns $10 million and pays $4 million dividend to ParentCo.

  • Consolidated: Group profit includes the full $10M.
  • Separate (cost method): Investment stays $50M. ParentCo records $4M dividend as income, no share of the remaining profit.

The parent's solo books stay simple and stable.

Only dividends hit income—big undistributed sub profits never show up.

How the Numbers Behave

  • Start at cost (cash paid + fair value of anything else given)
  • Stay at cost forever unless impaired
  • Dividends received → income (or return of capital if excessive)
  • Test for impairment if sub struggles (write down if needed, no write-ups)
  • No adjustment for sub's ongoing profits/losses

It's quiet accounting—the balance rarely moves.

Where You'll Spot It

In the parent-only balance sheet under non-current assets:

  • 'Investments in Subsidiaries at Cost'
  • 'Investment in Controlled Entities'
  • Often the biggest single asset for holding companies

Notes list each subsidiary, ownership %, and sometimes summarized financials.

Who Uses This Approach

  • Holding companies with many subs
  • European parents under IFRS (IAS 27 allows cost or equity method in separates)
  • Private companies filing local parent-only statements
  • Groups where consolidated view is primary, solo is legal requirement

US GAAP public companies rarely show separate statements, so you see this more in international filings.

What It Tells You (and What It Hides)

  • Clean view of parent's direct position
  • Historical cost of building the group
  • Dividend flow from subs to parent
  • But hides sub growth/value creation until dividends or sale
  • Impairment charges can appear suddenly if sub falters
⚠️

A $50M investment might really be worth $200M from sub growth—but cost method won't show it.

Key Takeaways

1

Cost method keeps subsidiaries at original purchase price in parent's solo books.

2

No mark-up for sub profits—only dividends count as income.

3

Common in separate/parent-only statements (required in many countries).

4

Keeps parent's balance sheet simple and stable.

5

Hides real economic growth in subs until cash returns or impairment.

6

Always pair with consolidated statements for full picture.

Related Terms

Apply This Knowledge

Ready to put Investments in Subsidiaries at Cost into practice? Use our tools to analyze your portfolio and explore market opportunities.

This content is also available on our main website for public access.

0:00 / 0:00