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Preference Shares

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Preference Shares

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • May 8, 2011 at 1:45 pm #48364
    salu007
    Member
    • Topics: 58
    • Replies: 32
    • ☆☆

    Hi Again Mr. Mike Hope you are doing good

    i had a question regarding Preference shares in Consolidation questions.What and where are the adjustments required if preference shares are invloved will it effect NCI

    Regards

    May 15, 2011 at 4:39 pm #81573
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    No, nci in equity is simply their long-term financing. If nci DO IN FACT own any of the preference shares in a subsid, their share will be shown as the value remaining after cancellation of the parent’s holding in the subsid prefs. the treatment is similar to where the parent has invested in a subsid loan note, but has not taken 100% of the loan note. You would cancel the parent’s holding against the relevant subsid long-term debt ( the loan note ) and the amount remaining after cancellation is shown as the remaining debt to outsiders. In the equity section for nci, it’s only their “equity” element which is shown – the amount remaining as a residual interest in the subsid’s activities

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