Minority Interest & Deferred taxes

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Ajay (Querist)
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19 July 2009 Hi

I need a clarification on the valuation of Minority interest & deferred taxes. My question is for the equity valuation purpose do we treat these two items as liability or assets. My confusion is because of the following:

Deferred taxes: As it arises because of the timing difference and on going concern basis I normally see in balance sheet that this item never gets reversed completely. Which means that though this is a tax liability it does not falls due and hence this cash is available to use in business.

Minority Interest: simply the other firms equity in the business, income is shared as like other shareholder, no interest is paid on this, so should be treated as equity.

Any thoughts or idea will help

thanks and regards

ajay