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DFS (consolidated income statement) question

NewbieNewbie Well-KnownRegistered Posts: 229
Can someone please explain how the equity holders of the parent figure is derived as I cannot find a working for this (chapter 8) thanks alot. I understand everything else in chapter perfectly.

Comments

  • Steve CollingsSteve Collings Experienced Mentor Registered Posts: 997
    Are you referring to profit attributable to equity holders of the parent?

    If so then it is essentially:

    Parent profit + Subsidiary profit less non-controlling interest share of profit, which is shown on the face of the consolidated statement of comprehensive income as:

    Profit for the period..............X

    Attributable to:
    Non-controlling interest.........X
    Equity holders of the parent...X

    Regards
    Steve
  • NewbieNewbie Well-Known Registered Posts: 229
    Thanks steve

    Makes sense now, I have read on the forums you have a book released which is essential reading could someone reply with a link please, thanks again.
  • jewels.pjewels.p Font Of All Knowledge Registered Posts: 1,774
    Newbie wrote: »
    Makes sense now, I have read on the forums you have a book released which is essential reading could someone reply with a link please, thanks again.

    Are you on about the one about the Standards? I bought that as a download and it is good.
  • jewels.pjewels.p Font Of All Knowledge Registered Posts: 1,774
    www.accountancystudents.co.uk is where I got my download.
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