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Calculation NCI share in SOCI

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Calculation NCI share in SOCI

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 12, 2016 at 3:46 pm #348613
    Duc Hung
    Member
    • Topics: 14
    • Replies: 66
    • ☆☆

    I am confused on how to calculate profit and total comprehensive income attributable to NCI in Statement of Comprehensive Income.

    As usual, NCI share = post-acquisition profit on sub’s books x % share owned by NCI

    But what happens if we have to make some adjustments such as:
    – Intra-group interest expense
    – Unrealized profit due to intra-group sale of non-current asset
    – Additional depreciation due to fair value adjustments on acquisition of sub

    Do they affect the calculation of NCI share on SOCI ? When do we have to include them and when we have to exclude them in the NCI share calculation ?

    November 16, 2016 at 9:48 pm #349387
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7172
    • ☆☆☆☆☆

    Hi,

    If you lay out your presentation of the group SPLOCI correctly, so by presenting it in a columnar format as per the videos, then everything should be taken care of when you total up S’s column and take the NCI share of profits and TCI.

    Thanks

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