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Loan from NCI in consolidated financial statement

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Loan from NCI in consolidated financial statement

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by AvatarP2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 19, 2016 at 10:54 am #349972
    Avatarproaccountant
    Participant
    • Topics: 19
    • Replies: 7
    • ☆

    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.

    November 22, 2016 at 9:54 pm #350795
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    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

    November 23, 2016 at 1:56 pm #350960
    Avatarproaccountant
    Participant
    • Topics: 19
    • Replies: 7
    • ☆

    That’s Great… Thanks for your reply and guidance.

    Stay blessed !

    November 24, 2016 at 9:58 pm #351289
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Thanks!

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