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How is calculated profit attributable to equity owners of Keswick Co (subsidiary)?
A)Group profit after tax B)Group profit aftet tax+Non controlling interest
C)Keswick Co’s profit after tax D)Group profit after tax – Non controlling interestIt is none of these!!
They are entitled to their share of their profit after tax.
I am guessing that you have not copied the question precisely. It is calculated from their companies profit after tax, which would give the answer C.This is all explained in my free lectures. (If Keswick is the subsidiary then it should be obvious that the answer is not any of the others – shareholders in the subsidiary are not entitled to group profits. They are only entitled to their share of their companys profits – they are the non-controlling interest!
Sorry sir, may be i made a mistake when copying the question, if Keswick Co is parent company in this case alternative A is correct?
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