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Journal entryAdvancedVariant — group VG.IFRS10.000005Published

Question · Attribution of profit to owners and non-controlling interests

Saule SA, a subsidiary of the Orme group, reports a profit of 180,000. Third parties hold 40 % of Saule. Case convention: the percentages did not change and the attribution is recorded in the consolidation work. Record the entry that attributes to the non-controlling interests their share of profit.

Profit of the subsidiary
180,000
Percentage held by third parties
40 %
Your answer
  1. Line 1

    Account Retained earnings of the owners of the parent

  2. Line 2

    Account Non-controlling interests

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