is there a 22 per cent stock overhang , page-4

"Available-for-sale financial assets" is a classification under International Financial Reporting Standards.

KCN do not account for AND as an associate (as they have no significant influence), therefore it is a financial asset.

There are 4 categories that can be used for investments:
1. Financial Asset at fair value through profit or loss
2. Held-to-maturity investments
3. Loans and receivables
4. Available-for-sale financial assets.

The AND shares cannot be classified as 2 or 3. KCN could elect for it to be 1 (which you wouldn't do as it puts volatility through your P&L), therefore it MUST be classified as 4.

Just because it is classified as 4, doesn't mean it is actually for sale.

Regards
Marv