consolidate income statement

meibaker
meibaker Registered Posts: 481 Dedicated contributor 🦉
how to work out attributable to equity holders of the parent????
Question:continuing operations................A.........................B
Profit from operations............................5959....................1959
finance costs......................................(562)....................(180)
profit before tax....................................5397...................1779
tax....................................................(1511).................(623)
profit for the period................................3886...................1,156
further infor:
A acquired 75% of B
i did the consolidate income statement and have the profit for the period from continuing operations figure as £4462, i thought equity holders of the parent is 4462 x 75% ? but the answers has:
attributable to:
equity holders of parent 4173
minority interest...........289
how does this two figure comes from ?

Comments

  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    that figure come from 1156*25%=289 other figure I think come from 4462-289=4173
  • meibaker
    meibaker Registered Posts: 481 Dedicated contributor 🦉
    exam panic wrote: »
    that figure come from 1156*25%=289 other figure I think come from 4462-289=4173

    oh i see, thanks very much!
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