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
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NCI (started by Marthew)
3y ago3y ago#1Please use topic not question number as thread header. :)
Movement on NCI will always be:
B/F + PROFIT - DIVIDEND +/- XD = C/F (nothing else......................ever). The FV adjustment has already been accounted for in the B/F and profit figures.
As per my recorded debrief the credit is for the explanations and if you differ slightly on the numbers you won't lose marks.
Hope this helps.
Thank you Stephen, very much appreciated.
3y ago#3:)
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