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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intra-Group Loan
hi,
so we dont have to add back the finance cost to the subsidiarys profit when allocating profits share to nci and the group?
Hi,
No, the adjustment to the SPL for intra-group interest does not impact the profit as we eliminate both the expense and the income. As there is no profit impact to the group then we do not need to make any adjustment to S’s profits when calculating the NCI share of group profits.
Thanks