EXCHANGE RATE DIFFERENCES

This topic has 1 reply, 2 voices, and was last updated 11 years ago by fairlygladys.

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May 26, 2014 at 5:28 pm #170981
Adebukola
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Should calculated exchange rate difference be spilt between NCI and Group Reserves? or allocated to Group reserves only when we are dealing wt a foreign subsidiary (not 100% ownership).

Thank you.
June 6, 2014 at 11:00 am #174583
fairlygladys
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hi, exchange rate difference will be charged to profit or loss due to translation, if it is not 100% owned, then we shall share the gain or loss according to group share and NCI portion
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