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Goodwill Impairment NCI @ FV

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill Impairment NCI @ FV

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  • May 24, 2021 at 4:19 pm #621650
    Avatarjames8500
    Participant
    • Topics: 68
    • Replies: 17
    • ☆☆

    Hi

    BPP Exam kit Q311 Plastik Co

    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?

    Thanks

    May 29, 2021 at 8:26 am #622118
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    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.

    Thanks

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