While analysing Income Statement of Britania Industries Ltd it was observed that minority intrest is added to Profit whreas it should have been substracted why?
| PROFIT/LOSS FROM CONTINUING OPERATIONS | 1,849.78 | 1,393.16 | 1,156.43 | 1,004.14 | 884.33 | |
| PROFIT/LOSS FOR THE PERIOD | 1,849.78 | 1,393.16 | 1,156.43 | 1,004.14 | 884.33 | |
| Minority Interest | 13.31 | 9.03 | 3.66 | 0.27 | -0.14 | |
| CONSOLIDATED PROFIT/LOSS AFTER MI AND ASSOCIATES | 1,863.90 | 1,402.63 | 1,159.12 | 1,004.23 | 884.47 |
Any updates on why minority intrest is getting added up here
Possibly loss of Subsidiaries ? As profits to be subtracted Loss is added back
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
