Solis SA holds 45 % of a joint venture accounted for using the equity method. Carrying amount at the beginning of the year: 2,150,000. During the year, the joint venture reports a profit of 640,000; Solis's share of its other comprehensive income is 54,000; Solis receives 90,000 in dividends (case data). Case convention: no fair value adjustment or goodwill, no impairment. Calculate the share of profit and the closing carrying amount of the interest.
- Opening carrying amount
- 2,150,000
- Profit of the joint venture
- 640,000
- Solis's percentage
- 45 %
- Solis's share of other comprehensive income
- 54,000
- Dividends received
- 90,000