Consolidation for NCI


Joined
Jun 25, 2020
Messages
1
Reaction score
0
Country
Singapore
Background: Client owns 100% of subsidiary, S1 which has negative net assets of S$(10,000). On 29 May'2019, there was an injection of equity resulting in additional shares issuance. Details of issuance as follow:

Owner: S$150,000
NCI: S$50,000

This brings the shareholding to 85% (owner) and 15% (NCI).

I will like to know how do I account for the NCI in consolidation and the accounting entries.

Thank you!
 
Ad

Advertisements

Joined
Jul 7, 2020
Messages
7
Reaction score
1
Country
Germany
Parent​
Subsidiary​
Investment elimination
Subsidiary equity elimination​
Non-controlling interest​
Consolidated​
Investment
150,000​
-150,000​
0​
Cash
-150,000​
200,000​
50,000​
Share capital
-200,000​
150,000​
50,000​
0​
Equity elimination
150,000​
-150,000​
0​
Non-controlling interest
-50,000​
-50,000​
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top