When preparing a consolidated statement of changes in equity, IFRS 10 requires that any NCI in equity of subsidiaries is:
A) shown as a one-line item
B) disclosed in the statement of financial position, and not in the statement of changes in equity
C) shown as a share of total ending equity of the subsidiary only
D) shown on a line-by-line basis.

Question

Quizplus · Accepted Answer

According to IFRS 10, NCI in equity of subsidiaries should be shown on a line-by-line basis when preparing the consolidated statement of changes in equity. This means that each item of equity (such as share capital, retained earnings, etc.) should be apportioned between the parent and NCI on a proportional basis depending on their respective ownership interests. This ensures that the balance between equity and non-controlling interests is accurately reflected in the consolidated financial statements.

When Preparing a Consolidated Statement of Changes in Equity, IFRS