Consolidated SPLOCI Proforma — OpenTuition Forums

DDarindra5y ago

Why are there two “Associate” line items in the proforma? What is the difference?

P2-D2Tutor5y ago#1

Hi, There is a line for the share of profit of associate within profit or loss and one for the share of other comprehensive income of associate. Thanks

TTang4y ago#2

Hi, I have a ques, May I know how to account for the share of other comprehensive income of associates in consolidated SOFP? Put under revaluation or retained earning?

P2-D2Tutor4y ago#3

Hi, A good question that I doubt you would see in the exam but it would be included within the investment in associate figure first and then in a separate component of equity in the equity section, not within retained earnings. Thanks