[Mel]

Pleases help me on the following:

When changing from proportionate consolidation to equity method, do we need to bring in the con controlling interest?

E.g. Parent – Company A owns 50% of JV B. JV B has a subsidiary (Sub C) with an ownership of 65%.

In consolidated financials of A(proportionate consolidation), NCI pertaining to Sub C was identified. However when changing from proportionate consolidation to equity method do we have to still show NCI? or can we only take what is relevant to Com A & disregard NCI?

Please let me know what materials I can refer to.

Thanks.

[Author]

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