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Parent owns 75% of subsidiary. Subsidiary sells goods to parent co. These are still unsold by end of year.
On the consolidated financial statements, do we need to split the unrealised profits earned by the subsidiary? 75% to the group, and 25% to NCI?
In working W3 in my format, the entire pup comes off the subsidiary in determining the level of post-acquisition retained.
Those post-acquisition retained profits are then split 75% to the parent and 25% to the nci
Does that do it for you?
Thanks Mike.
I’ll come back to you again if the BPP textbook continues to confuse me!
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