hi
Where will you show minority interest in the consolidated balance sheet as per revised schedule.
11 Replies
(Guest)
Dear Nishant,
Minority Interest is Not a liability for holding company,It is share of outsiders in subsidary.
Then How can it be presented in Non current liability? What is your justification?
As per my veiw it should be presented after Shareholders Funds, before Non Current liabilitirs
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 01 November 2012
it is a separate item shown after shareholders fund
CA Manish
(Job)
(5264 Points)
Replied 01 November 2012
As per Accounting Standard 21 - Consolidated Financial Statement
Minority Interest has to be shown as a separate item after shareholders fund.
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 01 November 2012
Hello, its a highely debtable issue now.
read this forum, will be very helpful /forum/minority-interest-222714.asp#.UJHz2G93bp8
ABHINANDAN JAIN
(CA Student)
(886 Points)
Replied 01 November 2012
Minority Interest is to be shown in Shareholders Funds as "Non Controlling Interest"
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 01 November 2012
should be presented after Shareholders Funds, before Non Current liabilities
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 01 November 2012
| Originally posted by : CA Pooja Agarwal | ||
 |
it is a separate item shown after shareholders fund |
 |
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