(Continuation news of BSRMSTEEL): Since investment in associate has converted to investment in financial asset, the company has to record this asset at fair value as per requirement of lAS28. At the time of derecognition of investment in Associates, BSRM Steels limited recognized gain/loss (difference between fair value and carrying amounts) in profit & loss accounts. For this reason, the company recorded loss (1,012,671,667). (cont. 4)