Dividend
This query is : Resolved
01 October 2009
How to deal with interim dividend and final dividend while dealing with CFS?
10 November 2009
Hi Kanika,
In Individual financial statements Interim dividend paid will appear on Dr. side of P/L appropriation A/c whereas the same will appear as Dividend received in holding co's books. Inter group transactions(dividend paid by the s Ltd. and received by H Ltd.) will be eliminated in CFS. and that paid to outsider will be shown on Dr. side of Con. P/L appropriation A/c.
In Consolidated Balance Sheet Final dividend payable by the holding co. will appear on the liability side of the balance sheet as provisions under the head Current liabilities and provisions whereas that of the s Ltd. will be split into two parts - payable to H Ltd and Payable to minority shareholders. payable to H Ltd in the books of S Ltd. will appear as receivale from S Ltd. in the books of H Ltd. And both will be eliminated in consolidated Balance Sheet being inter group transactions whereas that payable to minority shareholders will be added to minority interest.
In Individual financial statements Interim dividend paid will appear on Dr. side of P/L appropriation A/c whereas the same will appear as Dividend received in holding co's books. Inter group transactions(dividend paid by the s Ltd. and received by H Ltd.) will be eliminated in CFS. and that paid to outsider will be shown on Dr. side of Con. P/L appropriation A/c.
In Consolidated Balance Sheet Final dividend payable by the holding co. will appear on the liability side of the balance sheet as provisions under the head Current liabilities and provisions whereas that of the s Ltd. will be split into two parts - payable to H Ltd and Payable to minority shareholders. payable to H Ltd in the books of S Ltd. will appear as receivale from S Ltd. in the books of H Ltd. And both will be eliminated in consolidated Balance Sheet being inter group transactions whereas that payable to minority shareholders will be added to minority interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
