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At the acquisition date, are the acquired subsidiary books affected by the revaluation and
its depreciation ?
if that so, consequently, the NCI profit share will be affected ?
No, not affected
The fair value adjustments are for the consolidation – there’s no requirement for the subsidiary to amend its records
But the nci WILL be affected because the nci only appear as a part of the consolidation process
You mean the NCI will be affected by both OCI and depreciation ?
If so, the subsidiary profit at its books should be adjusted first, and that what we agreed shouldn’t be ?
Ok, I am sorry, only the first point , whether the NCI affected by OCI ?
Thanks
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