Debentures issued by subsidiary to outsiders i.e., other than parent or holding company should be disclosed under the head "minority interest" or "non-current liabilities" Please clarify..
Menu
Debentures issued by Subsidiary to outsiders
Replies (4)
Eg. Subsidiary issued 15,000₹ debentures and parents hold 10,000₹ of it and the rest is held by outsiders. Then:
Parent 10000
Subsidiary 15,000
Consolidated adjustment= 15000-10000= 5000₹ is taken to SOFP Under group debentures and loans in liabilities. If the parent does not hold anything, then the total of 15,000₹ will be shown under group debenture liabilities. Similarly, when it comes to consolidated equity, only parents will be shown in the consolidated SOCIE.
Can you please tell what is SOFP... ?
And also what is SOCIE
Statement of financial position
statement of changes in equity
So all Equity elements are shown in balance sheet.
Recent Topic
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
Related Topics
CAclubindia
