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Consolidation

This topic has 3 replies, 2 voices, and was last updated 12 years ago by MikeLittle.

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May 20, 2012 at 8:55 pm #52685
vinu
Participant
- Topics: 12
- Replies: 9
How is Profit for NCI is calculated in a Consolidated income statement??
From where should we take the profit and what all adjustment should we make?
May 21, 2012 at 6:00 am #97632
MikeLittle
Keymaster
- Topics: 27
- Replies: 23280
It’s their share of this year’s subsidiary, adjusted, time apportioned, profit after tax
May 21, 2012 at 7:18 am #97633
vinu
Participant
- Topics: 12
- Replies: 9
Thanks for your reply .
so what about the post acquisition adjustments?? should we take that to adjust
the profit after tax?
May 21, 2012 at 10:01 am #97635
MikeLittle
Keymaster
- Topics: 27
- Replies: 23280
Hi
yes – that’s what the “adjusted” stands for in my previous post.
“their share of this year’s subsidiary, adjusted, time apportioned, profit after tax” explains it all – but EVERY word is significant so make sure that you understand that significance!
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