Page 340 - SBR Integrated Workbook STUDENT S18-J19

Chapter 21

Example 3

Dividends to the NCI

Extracts from Sugar's consolidated financial statements for the year ended
31 December 20X1 are shown below.

Extract from consolidated statement of financial position as at
31 December:

20X1 20X0

$000 $000
Non-controlling interest 638 484

Extract from consolidated statement of profit or loss and other
comprehensive income for year ended 31 December 20X1:

$000

Profit attributable to:
Equity shareholders of the parent 3,520

Non-controlling interest 330
–––––

3,850
–––––

Total comprehensive income attributable to:
Equity shareholders of the parent 4,180

Non-controlling interest 550
–––––
4,730

–––––

Sugar acquired a new subsidiary during the year. The non-controlling interest
at acquisition was $100,000.

Calculate the dividends paid to the non-controlling interest for the year
ended 31 December 20X1.

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