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)
Quick Summary
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 Topics :
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
Related Topics :
CAclubindia
