10 June 2008
How is Minority interest is calculated in subsequent years if we had already applied AS 21 in earlier years
I mean can i apply this logic
Share cap of minority INT in Sub Co. xx ADD:--Appropriation of Profit in previous year xxx ADD:--Share on profit from Curent yr. xxx in SUB Co. xx Amount to be transferred to B/S xx
11 June 2008
for the purpose of arrving at minority interest there is no need to seggregate capital profit and revenue profit, as segregation will not give you any difference. The segregation in each is applicable only for arriving at cost of control by subsidiary. Total MI will be Shcap+Cap profit+Rev Profit of minority portion.
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