CIMA F2 Complex Groups – Consolidated statement of profit or loss

Comments

1. mpie says

   April 3, 2019 at 9:06 pm

   Hi,
   Could you please explain why do we need to remove part of the dividend paid by sub-subsidiary in NCI share of profit working? The dividend paid by subsidiary is not relevant when we calculate NCI share of profit, I don’t understand why it is different in case of sub-subsidiary in complex groups. Thanks in advance for your help.

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2. meow89 says

   March 8, 2019 at 4:05 pm

   The example in the lecture notes doesn’t match the one in the lecture, also the amounts don’t total as per the previous comment

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3. suzreen says

   October 16, 2018 at 11:27 am

   Example 1
   Summarised P&L – Operating profit + investment income does not equal Profit before tax – missing expenses?

   P&L should be
   Matty – Profit for the year $98 less dividend $20 = $78
   Luke – Profit for the year $112 less dividend $15 = $97 (NCI @ 20% = $19.4)
   Ben – Profit for the year $78 (NCI @ 40% = $31.20)
   Total Consolidated profit (78+97+78) = $253

   Profit attributable – NCI ($19.40+31.20) = $50.60
   Profit attributable – Parent ($78 – $50.60) = $202.40

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