minority interest

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kaushal (Querist)
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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

S. SRIKANTH

S. SRIKANTH (Expert)
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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.