Financial statements paper 2 question 1.6b

Deaniedani

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.

Zoynal98

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: £6,416