Consolidating 100 owned subsidiary


16-Nov-2020 16:18

consolidating 100 owned subsidiary-46

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Let’s build up the statement of profit or loss for the Holdco Group.Holdco’s total sales were £90m, and Sub’s total sales were £50m.Three very important concepts in group accounting are goodwill, internal transactions and non-controlling interest.This is any excess of the amount paid for an acquisition over the value of the net assets acquired.But £40m of Sub’s total sales were internal group sales to Holdco.We need to exclude the internal sales and purchases from the group figures. The group’s total sales to external customers are only £100m, rather than the total of the individual sales of each group company (£90m £50m = £140m).

Internal items are ones between members of the same group, for example, any sales and purchases between Holdco and Sub.Some large businesses organise themselves as a single company.



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