DFS (consolidated income statement) question
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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.
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Comments
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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
Steve0 -
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.0 -
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www.accountancystudents.co.uk is where I got my download.0
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