When preparing a consolidated statement of changes in equity, IFRS 10 Consolidated Financial Statements, requires that any non-controlling interest 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

IFRS 10 requires that non-controlling interest in equity of subsidiaries should be shown on a line-by-line basis in the consolidated statement of changes in equity. This means that the non-controlling interest should be separated and disclosed for each component of equity, such as retained earnings, other reserves, and share capital. This provides users of financial statements with more detailed information about the financial position of the reporting entity and its subsidiaries.

When Preparing a Consolidated Statement of Changes in Equity, IFRS