Adjustment of Minority Interest in Income Statement

While analysing Income Statement of Britania Industries Ltd it was observed that minority intrest is added to Profit  whreas it should have been substracted why?

PROFIT/LOSS FROM CONTINUING OPERATIONS 1,849.78 1,393.16 1,156.43 1,004.14 884.33  
PROFIT/LOSS FOR THE PERIOD 1,849.78 1,393.16 1,156.43 1,004.14 884.33  
Minority Interest 13.31 9.03 3.66 0.27 -0.14  
CONSOLIDATED PROFIT/LOSS AFTER MI AND ASSOCIATES 1,863.90 1,402.63 1,159.12 1,004.23 884.47
Replies (2)
Quick Summary
This discussion explores why minority interest appears to be added to profit on the income statement for Britania Industries Ltd, rather than being subtracted as expected. The user questions the accounting treatment, suggesting it should be deducted. There's speculation that the addition might relate to subsidiaries incurring losses, which would then be added back. The aim is to understand the correct accounting practice for minority interest in consolidated financial statements.

Any updates on why minority intrest is getting added up here

Possibly loss of Subsidiaries ? As profits to be subtracted Loss is added back 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details