Page 343 - F3 -FA Integrated Workbook STUDENT 2018-19

Consolidated financial statements II

Example 1b

Continuation of Hide and Seek example:

Required:

Calculate the non-controlling interest share of the consolidated profit
after tax (W4) and complete the consolidated statement of profit or loss
for the Hide Group for the year ended 31 December 20X5.

Solution

(W4) NCI share of profit after tax for the year

$
NCI %age of subsidiary profit after tax

Less: NCI %age of PURP (if subsidiary made sale)

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