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Loan from NCI in consolidated financial statement

Pproaccountant9y ago
Hi, I want to know how we will treat and show loan from NCI in consolidated financial statements. I also looking for reference from IFRS. Thanking you.
P2-D2P2-D2Tutor9y ago#1
A loan from the NCI is essentially saying that you've borrowed money from another shareholder in the subsidiary, so just treat it as any normal loan. If you're looking fro standards then try IFRS 9 as it is a financial instrument. Thanks
Pproaccountant9y ago#2
That's Great... Thanks for your reply and guidance. Stay blessed !
P2-D2P2-D2Tutor9y ago#3
Thanks!
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