Our ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.
Definition of NCI
NCI is the term used in MFRS 3 and MFRS 10 ‘Consolidated Financial Statements’ to describe equity instruments of a subsidiary not held directly or indirectly by a parent. In a business combination, a NCI arises when an entity acquires less than 100% of the equity of the acquiree.
This article sets out the requirements for recognising and measuring any non-controlling interest (NCI).
Insights into MFRS 3
Take a look at our publication to know about "Recognising and measuring non-controlling interests".
How we can help
We hope you find the information in this article helpful in giving you some insight into MFRS 3. If you would like to discuss any of the points raised, please do not hesitate to contact us.
