Page 284 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Chapter 14

The only difference relates to calculating the effective shareholding.

Indirect shareholding x
(P% in S) × (S% in sub-sub)
+
Direct shareholding x

(P% in sub-sub)
––––
Effective shareholding x
––––

Using group structure set out previously,
Indirect shareholding 28

70% × 40%
+
Direct shareholding 20
––––
Effective shareholding 48%
––––
NCI % 52%

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