Preference share capital in subsidiary-group accounts, Financial Accounting

Preference share capital in subsidiary (irredeemable)

Investment in preference shares does not lead to ownership and therefore, if the holding company owns part of the preference share capital in subsidiary company then, the percentage will not be the basis of consolidation.

However, the asset of investment in preference shares and the percentage of preference shares acquired will still be used to compute goodwill arising on consolidation.

The other balance sheet is due to the minority interest and will thus be included as part of total due to minority interest or posted to credit side of minority interest account.

Posted Date: 12/12/2012 2:36:05 AM | Location : United States

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