CIMA F1 Consolidated Statement of Profit or Loss – Basic Consolidation

Comments

1. stevenm says

   July 3, 2019 at 12:16 am

   Hi Chris,

   since Maul declared a dividend of 10 000 shouldn’t that be split 80%(8000) for parent and 20% (2000) for NCI, resulting in only 8000 being included as investment income in the books of Vader and the whole 8000 being eliminated on consolidation leaving us with dividend income of 0 and not 2000

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   • P2-D2 says

     July 3, 2019 at 10:56 am

     Hi,

     Maul declared a dividend of 10,000 and therefore we need to eliminate what we have received as the parent, which is 80% of it. This then leaves 2,000 and this is likely to have come from other investments that Vader has where it doesn’t have control or significant influence, and so we are reporting the dividend income from sources outside of the group.

     You do not need to make and adjustment with regards to the NCI share of the dividend that was received by them.

     Thanks

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2. lawrencesenwelo says

   April 14, 2019 at 11:27 pm

   Hi there.

   Why is the dividend not being prorated. Is the assumption that the dividend declared were all for H2 since Vader acquired ownership July and therefore anything before the 1st of July does not form part of Vader investment hence it should not filter into their income. My thought was that all dividend declared for H1 is for those who had ownership then(100% Maul shareholders) and Vader did not which leaves the assumption that they could only enjoy from 5k of the 10k declared.

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