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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 48.5My 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,
MarthewUsername:
stephenwidberg@gmail.com
Password:
•••••••••Please 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.
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