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cant we find the translation gain or loss[as per the eg-4} nd apportion it according to the NCI valuation to shareholdings.?
as in the revision kit..
g/w ..profit ..and net assets differences are split separately but in the open tuition answers only goodwill value is taken..nd split as per proportion.its just too confusing.
Hi,
Sorry, but I’m not 100% sure what you’re referring to. We calculate the exchange gain/loss by looking at the change in value of the net assets, profit/comprehensive income for the year and goodwill.
You need to be careful at how the goodwill is value (FV/partial) as if under the partial method the NCI does not receive its share of the forex on goodwill as there is no goodwill attributable to the NCI.
Thanks
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