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Dear Sir ,
I’m sorry about to create a new post with the same topic again , i have no choice , since you closes the the new reply with my last post .https://opentuition.com/topic/treatment-for-intra-group-loan-interest/ .So is it right to say , we always recognise the interest due with the intra- group loan in the calculation of group retained earning and non-controlling interest ? And in case of the BBP question i’m asked in the last post , it actually asked about the what are the effect to the group retained earning , if there have no any intra-group loan ?
“So is it right to say , we always recognise the interest due with the intra- group loan in the calculation of group retained earning and non-controlling interest ?”
The answer is “Yes” for the calculations for the statement of financial affairs
For the statement of profit or loss preparation, we eliminate the intra-group interest paid and received and, for the calculation of the nci’s share in the consolidated profits, we deduct the loan interest paid by the subsidiary from the subsidiary’s results before applying their percentage to the subsidiary’s figures that are included within the consolidated figures
OK?
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