43. When the group’s and minorities’ interests in a subsidiary change substantially as a result of a group reorganisation or restructuring, merger accounting is not appropriate (see MASB ED #, Business Combinations). In such instances and when the conditions of cash and fair value in paragraph 37 or paragraph 39 are not met, it is inappropriate to recognise any gain or loss arising from the change in composition of the group in the income statement. Accordingly, the accretion or dilution of the group’s interest should be treated as an equity transaction between the subsidiary and its shareholders. Any difference between the group share of net assets immediately before and immediately after the change in stake and any consideration received or paid, should be adjusted to or against group reserves.