Mar/Jun 2019 Q1 (ci)

Dear tutor,

I have a question regarding calculating the NCI at disposal, as per the answer the NCI at disposal is calculated as follows:

NCI at 01/01/20X6 47.8
NCI share of loss to 30/09/20X6 (3.6)
NCI share of exchange gain for 9 months to 30/09/20X6 4.3
NCI at 30/09/20X6 48.5

My question is why we do not add NCI’s share of the FV adjustment of Dinar 20 million to the above calculation to get the NCI at 30/09/20X6, being 0.2*(20*16/20)) = Dinar 3.2 million and translated to $8.42 million (Dinar 3.2 million/0.38).

Thank you.

Regards,
Marthew