• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login few seconds

Get AccountantAnswer App

Should we allocate ESOP, Actuarial gain loss and FCTR to NCI in consolidated financial statements? Why?


Should we allocate ESOP, Actuarial gain loss and Foreign currency translation reserve to Non Controlling Interest in consolidated financial statements? Why?

asked Sep 17, 2016 in IFRS 10 - Consolidated Financial Statements by PPN

1 Answer

0 votes

ESOP: IFRS 10 states that a sponsor of an employee benefit plan need not evaluate whether it controls that employee benefit plan,and therefore need not to consolidate. In contrast, employee benefit trust or similar entities established for Employee Share Option Plans, Employee Share Purchase Plans and other share based payment programs are not excluded from scope of IFRS 10.  

Actuarial Gain or loss: AS per IFRS 10 Actuarial gain or loss should be allocated along with other comprehensive items in consolidated financial statement. Accordingly, these adjustments are recorded through other comprehensive incomes but not amortize. 

Foreign currency translation reserve: When the exchange differences relate to a foreign operation, accumulated exchange differences arising from translation and attributable to the non-controlling interest are allocated to, and recognized as part of, non-controlling interest in the consolidated statement of financial position.

 

answered Dec 8, 2016 by Shivangi Level 4 Member (7,570 points)


...