Group Accounts - SOPL Flashcards
1
Q
What do you do with any intra group sales?
A
Cancel from revenue and cost of sales
2
Q
What do you do with dividends or interest received from the subsidiary?
A
Exclude them
3
Q
What do you do with non-controlling interest?
A
Include it, using subsidiary profit after tax and deduct any PURP
4
Q
What do you do with PURP?
A
Cancel from inventory and COS
