In a consolidated statement of financial position, the NCI is shown:
A) separately within the non-current liabilities
B) separately within the non-current investments
C) separately within the equity section
D) as part of the total current liabilities of the group.

Question

Quizplus · Accepted Answer

NCI refers to the portion of a subsidiary's net assets that is not owned by the parent company. As per IFRS, NCI is shown separately within the equity section of the consolidated statement of financial position. This is because NCI represents the ownership interest of minority shareholders in the subsidiary's equity. Therefore, it is reported separately within the equity section, which comprises the parent company's equity and non-controlling interest.

In a Consolidated Statement of Financial Position, the NCI Is