9The conslidated statement of profit or loss and other comprehensive income.docVIP

The Consolidated statement of profit or loss and other comprehensive income 1 The consolidated statement of profit or loss The source of the consolidated statement of profit or loss is the individual statements of profit or loss of the separate companies in the group. In the consolidated statement of profit or loss non-controlling interest is brought in as a one-line adjustment at the end of the statement. Simple example : Consolidated statement of profit or loss P Co acquired 75% of the ordinary shares of S Co on that company抯 incorporation in 20*3.The summarized statements of profit or loss