Consolidation

This topic contains 3 replies, has 2 voices, and was last updated by Avatar of MikeLittle MikeLittle 1 year, 11 months ago. This post has been viewed 19 times

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    vinu
    Participant
    • Topics: 10
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    How is Profit for NCI is calculated in a Consolidated income statement??
    From where should we take the profit and what all adjustment should we make?


    Avatar of MikeLittle
    MikeLittle
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    It’s their share of this year’s subsidiary, adjusted, time apportioned, profit after tax


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    vinu
    Participant
    • Topics: 10
    • Replies: 9

    Thanks for your reply .
    so what about the post acquisition adjustments?? should we take that to adjust
    the profit after tax?


    Avatar of MikeLittle
    MikeLittle
    Participant
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    Hi

    yes – that’s what the “adjusted” stands for in my previous post.

    “their share of this year’s subsidiary, adjusted, time apportioned, profit after tax” explains it all – but EVERY word is significant so make sure that you understand that significance!

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