DFS (consolidated income statement) question

Newbie

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.

Steve Collings

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

Newbie

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.p

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.

Esme

http://www.authorhouse.co.uk/Bookstore/BookStoreSearchResults.aspx?SearchType=smpl&SearchTerm=steve%20collings

I think this is the one.

jewels.p

www.accountancystudents.co.uk is where I got my download.