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hi! In partial disposal subsidiary with no control loss, are we supposed to calculate any gain or loss from parents point of view ? I just know that, no gain or loss is calculated on disposal from group point of view rather It’s only the change in the equity accounted. Can anyone comment on, “Whether the gain or loss from parent point of view is calculated or not” ?
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Yes it is required to calculate gain or loss in equity transfer to NCI but the gain or loss will not effect Profit n loss account and it will go to equity because status has not been changed.
Consideration received xxx
Less:Increase In NCI xxx
Less:Increase in NCI goodwill xxx
Gain/loss on disposal xxx
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One of the differences that arise on the type of transaction above is that the gain or loss on disposal go to Equity rather than in Profit or loss of the year, as st is considered a “treasury operation” a.k.a a movement in the percentages of ownership, without losing the control.
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For the gain/loss on disposal to go to equity, exactly which account should be credited/debited?
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