definition of an associate investment
An associate is an entity over which an investor has significant influence, being the power to participate in the financial and operating policy decisions of the investee (but not control or joint control), and investments in associates are, with limited exceptions, required to be accounted for using the equity method.IAS 28.33] The recoverable amount of an investment in an associate is assessed for each individual associate, unless the associate does not generate cash flows independently. [IAS 28.34]. Discontinuing the equity method.