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Minority Interst

22 August 2010 1,274 views 5 Comments

Do I still need to account for a 1% minority interest?
Are receivable from shareholders (part of share capital) eliminated in consolidation or not.

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5 Comments »

  • IFRS List.com: minority interst — Accounting Blog said:

    [...] svtuition@gmail.com (vinod kumar) wrote an interesting post today. Here’s a quick excerptWelcome to IFRSLIST.com, the free community where you can find resources, share experience, knowledge and ideas about IFRS, bAccounting/b and Auditing with more than 1.5k members. Sign-up and start a new discussion. … [...]

    # 22 August 2010 at 11:02 am
  • Mladek said:

    Not if you’re not consolidating the shareholders.

    # 23 August 2010 at 6:45 am
  • ifrslist
    ifrslist said:

    [New Post] IFRS Classification in Income Statement – http://www.ifrslist.com/2010/08/minority...
    via Twitoaster

    # 23 August 2010 at 3:34 pm
  • ifrslist
    ifrslist said:

    [New Post] Minority Interst – http://www.ifrslist.com/2010/08/minority...
    via Twitoaster

    # 23 August 2010 at 3:34 pm
  • IloveIFRS said:

    Need more information to answer. If shareholders pay for more than the nominal value of shares this is usually treated as Share Premium, a non-distributable reserve.
    If shareholders have provided more money than the share price then this would sit in the bank (Cash and cash equivalents) with the other side as a creditor/ financial liability.

    # 21 September 2010 at 2:21 pm

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