Consolidated SPLOCI Proforma

This topic has 3 replies, 3 voices, and was last updated 4 years ago by P2-D2.

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August 4, 2020 at 9:18 pm #579268
darin
Member
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Why are there two “Associate” line items in the proforma? What is the difference?
August 8, 2020 at 8:14 am #579607
P2-D2
Keymaster
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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
November 28, 2021 at 3:05 pm #641906
Tang45
Participant
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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?
November 29, 2021 at 8:10 pm #642042
P2-D2
Keymaster
- Topics: 4
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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
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