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transfer of interest to NCI- control stays with parent

This topic has 3 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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August 11, 2020 at 3:39 pm #580130
misbahkiran
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when we transfer interest to NCI we record difference of cash and net assets transfer to NCI in OCI. if we dispose off subsidiary later, should that OCI recycle to SOPL and become part of gain or loss on disposal?
August 11, 2020 at 4:59 pm #580145
Stephen Widberg
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- Topics: 16
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I don’t think so. I’ve never heard of that rule!
August 11, 2020 at 9:53 pm #580172
misbahkiran
Participant
- Topics: 109
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or being a consolidated adjustment, it will be only in consolidated retainearnings (OCE) in consolidation?
August 12, 2020 at 3:24 pm #580279
Stephen Widberg
Keymaster
- Topics: 16
- Replies: 3441
I suppose so but don’t spend too long on it!
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