Originally Posted by
Tuck Mach
Bula-
Bula, an associate entity is a 'minority' one, and one that is controlled is not a minority entity under AASB128? JQ Asia may be a 'minority' entity but strangely QF choose to report it in JQ Group, therefore they consider it effectively under the control of the group. The only 'minority' (thus associate entities) reported under AASB 128 are JQ Vietnam and JQ Japan. I suspect you know this already...
That may be what is publicly stated but Qantas owns 99% of Jetstar Asia. 51% of Jetstar Asia was bought for SIN$1 by Dennis Choo. Well known Singapore underworld figure!
Qantas has a 33% ownership of Jetstar Japan(by law) but seems to be the only one propping it up! What was that quote about Alan Bond?