Scribd
Upload
46 views

Proportionate Share

This document outlines the steps to calculate consolidated financial statements for a parent company and its subsidiary. It shows how to account for the parent's share of the subsidiary's profit/loss, fair value adjustments to assets, impairment of goodwill, non-controlling interests, and consolidated retained earnings. The totals are calculated at each step to arrive at the final consolidated profit/loss and retained earnings figures.

Uploaded by

Glensh Reigne Carlit
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
46 views

Proportionate Share

This document outlines the steps to calculate consolidated financial statements for a parent company and its subsidiary. It shows how to account for the parent's share of the subsidiary's profit/loss, fair value adjustments to assets, impairment of goodwill, non-controlling interests, and consolidated retained earnings. The totals are calculated at each step to arrive at the final consolidated profit/loss and retained earnings figures.

Uploaded by

Glensh Reigne Carlit
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Parent’s profit before FVA x x

Share in subsidiary’s profit before FVA x x


PROPORTIONATE SHARE Depreciation of FVA (x) (x)
Imp of GW (x)
TOTALS X
Goodwill X

CT CONSO Profit / Loss


NCI FAIR VALUE
PHEI P S Conso
Total
Goodwill Profits before adjustment x
FV NIAA (step 2)
Goodwil – 1/1 Depreciation of FVA (x)
CT Impairment of goodwill (x)
Less: Imp loss(100%)
PHEI CONSOLIDATED PROFIT X
Goodwill – 12/31
Total
Less:Parent’s PS in the SNIA
NCI in NA
Goodwill to owners of P – 1/1
Less: Imp loss(parent’s share only)
Subsidiary’s NA @ FV Owners NCI Conso
Goodwill to owners of P– 12/31 of
x NCI %
NCI in NA – 12/31 Parent
FV of NCI Parent’s profit before FVA x x
Less: NCI PS in the SNIA Share in subsidiary’s profit before FVA x x
Conso Retained Earnings GW to NCI 1/ 1 Depreciation of FVA (x) (x)
Less: Imp loss(NCI’s share only) Imp of GW (x) (x)
Parent’s RE – 12/31 Goodwill of NCI– 12/31 TOTALS X X
Parent’s chare in the net change od subsidiary’s NA
less: Imp loss (100%) GW, net 12/31
CONSOLIDATED RETAINED EARNINGS
NCI in NA
CONSO Profit / Loss
Subsidiary’s NA @ FV
P S Conso x NCI %
total
Profits before adjustment x
Add: Goodwill of NCI– 12/31
Depreciation of FVA (x)
Impairment of goodwill (x) NCI in NA – 12/31
CONSOLIDATED PROFIT X
Conso Retained Earnings

Parent’s RE – 12/31
Parent’s chare in the net change od subsidiary’s NA
Owners NCI Conso less: Imp loss (parent;s shre only %)
of
CONSOLIDATED RETAINED EARNINGS
Parent

You might also like