Financial statements paper 2 question 1.6b
Deaniedani
Registered Posts: 26
How do i find out the attributable totals for Equity holders of the parent and also for the non-controlling interest please. Dont know where to get those figures from. Help, please.
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Comments
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If you look at the table above:
Get the Profit for the period from the Subsidiary and multiply it by the NCI % which is 20%.
so 2770 x 0.2 (20%) = £554
Now you have the Attributable to NCI of £554.
Then you get the Consolidated Profit for the period and use the Balancing figure to find out the Attributable to Equity holders of the parent part.
Attributable to:
Equity holders of the parent: £5,862 (£6,416 - £554 = £5,862)
Attributable to NCI: £554
Consolidated profits: £6,4165
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