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Hello Sir, if the parent disposed off one of its subsidiary which meet the held for sale criteria,the asset and liabilities that presented in a single line in consolidated FS(NCA HFS) will be only the Parent share proportion which less the NCI interest share?
This will be the same for the Consolidate PnL for recognised the post-tax profit or loss of the discontinued operation for the parent’s share only? or will also present the gain / loss for NCI under the last part of the statement?(Profit attributable to parent and NCI)
But the examiner answer in Sep 2018 Q2(a) ” Sale of Newall” stated that :
“Assets held for sale are valued at the lower of carrying amount and fair value less costs to sell.
The carrying amount consists of the net assets and goodwill relating to Newall less the non-controlling interest’s share.”
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