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No, the goodwill element of the calculation is to DEDUCT THE NCI’S SHARE OF ANY GOODWILL IMPAIRMENT SINCE ACQUISITION
So, in direct answer to your question “No, you do not add the nci share of goodwill”
Hello Mike,
Please can you post the words of the song which can help to do the consolidated retain earnings calculations. thanks
“H’s own plus
H’s share of S post acq retained less
Goodwill impaired since acquisition ( just our share )”It extends when there is an Associate involved and becomes:
“H’s own plus
H’s share of S post acq retained plus
H’s share of A post acq retained less
Goodwill in S imppaired since acquisition ( just our share ) less
Any impairment in the Investment in A since acquisition”That last line is of course the whole of the impairment because the only element of the Investment in A is ours. There is no reflection in that investment of the majority’s holding
Sing it loud and often!
thank you very much Mike. I really appreciate the work you are doing. May you get all your heart desires.
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