ASAFFA FOODS owns 80 % of the voting shares of SOHAR POWER and 45 % of PHOENIX POWER. In addition, PHOENIX POWER owns 51 percent of the shares of SOHAR POWER. PHOENIX POWER also owns 25 percent voting shares of ASAFFA FOODS as well.

Briefly explain how AL ASAFFA FOODS securities should classify and account for its investments in SOHAR POWER and PHOENIX POWER.