Negative minority interest

CA UMESH PRASAD (DGM - Accounts & Finance)   (26 Points)

28 September 2018  

Dear Experts,

Please guide how to present negative Minority Interest in Consolidated Financial Statement as per AS 21. Subsidiary is having negative Net Assets.

Also if subsidiary is having negative net assets and loss in current year ,then in such case do we need to add back the minority interest loss in the consolidated Profit & Loss A/c.

Waiting for your replies.

Thanks in Advance