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cash dividend paid by Subsidary to parent & nci

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › cash dividend paid by Subsidary to parent & nci

  • This topic has 0 replies, 1 voice, and was last updated 8 years ago by Avatarjacobjoy1982.
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  • July 12, 2017 at 7:36 pm #395657
    Avatarjacobjoy1982
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    • Topics: 1
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    • ☆

    HI,
    In FY 2014 A” parent company hold B” @60%, in FY2015 B” Subsidary paid Cash dividend Rs.1,00,000/- (to A” Parent Rs. 60,000 and to NCI Rs.40,000/-)

    at Subsidary level Financial statement in Cash flow- Dividend paid Rs.1,00,000/

    1. ) at Consolidated level -Financial statement in Cash flow – Dividend paid to NCI Rs. 40,000/- ( dividend paid from subsidary and recieved by parent is eliminated at consolidated level, so no need to show in CFS, only NCI paid will be shown)

    2.) is it correct at Consolidated level, divided recieved from subsidary Rs. 60,000/- and dividend paid to NCI Rs. 40,000/- need to be shown

    Which is the correct 1 or 2 to present in Consolidated Cash flow-Dividend paid by subsidary to parent/NCI, as per IFRS.

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