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When calculating group retained earnings – can you please advise why in the solution has goodwill impairment has been deducted from subsidiarys profit in full?
I thought that goodwill impairment was shared between parent & NCI?
If you deduct it from S’s profit for the year then the NCI will automatically receive their share when multiplying by the NCI percentage. The parent then receives their share when the balancing figure of the parents profits from the group profits is calculated.