Page 339 - F3 -FA Integrated Workbook STUDENT 2018-19

Consolidated financial statements II

Non-controlling interest share of group profit after tax for the year

The group profit after tax must be split between the amount attributable to members
of the parent and the non-controlling interest shareholders in the subsidiary.

$
NCI % of subsidiary profit after tax for the year X

(Note – pro-rate if mid-year acquisition)

Less: NCI % of PURP if subsidiary made sale to parent (X)

–––––
Group profit after tax for the year X

–––––

Example 1 which follows will be used throughout this chapter to demonstrate the
application of the standard workings to prepare a consolidated statement of financial
position. It is consistent with Example 2 in the previous chapter used for the
consolidated statement of financial position, Hide and Seek.

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