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Lecture 10 Consolidation Indirect Ownership Interests

Lecture 10 Consolidation Indirect Ownership Interests -...

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7/11/2011 1 Chapter 26 Consolidation: indirect Consolidation: indirect ownership interests Prepared by Emma Holmes Consider the following group structure: P S 70% NCI S 30% Direct and indirect non-controlling interest T 60% P controls S and S controls T S and T are both subsidiaries of P P would have to consolidate S and T into the one group NCI T 40% This structure requires the recognition of: DNCI – direct non-controlling interest INCI – indirect non-controlling interest The interests of all parties in this group are summarised as follows: Direct and indirect non-controlling interest S T Parent Interest Direct Indirect Non-control Interest Direct Indirect Total ownership interests 70 % - - 42 % 30 % 40 % - 18% 100% 100%
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