FR- IND AS 103-Pref shares Outstanding

The outstanding preference shares of a subsidiary are fully covered under the CA Final FR syllabus (Ind AS 103/110). When held by outsiders and classified as equity, they must be included in the Non-Controlling Interest (NCI) calculation. Additionally, the subsidiary's net assets must be reduced by the preference capital (and any cumulative dividend arrears) before determining the equity allocation for Goodwill calculation.