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..
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..
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.
And also what is SOCIE
Statement of financial position
statement of changes in equity
So all Equity elements are shown in balance sheet.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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