Consolidation

This query is : Resolved

Prashanth (Querist)
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01 February 2013 scenario is.......
XYZ pvt Ltd company is holding 51% invesments in a ABC LLP.......in this situation, whether XYZ has to consolidate the books along with ABC LLP????

Need help in two situations
i. having full control
ii. not having control over ABC

Thanks
Prasanth K

CA Kishore Tallam

CA Kishore Tallam (Expert)
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08 February 2013 If ur having control, then consolidate ABC LLP at 51% and show 49% under Non-controlling interest.
If u dont have control, then dont consolidate and show the investment as per AS 13 in Consol Financial statements.