Accounting word of HK

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  1. #1

    Accounting word of HK

    Hi all
    I am not familiar with FS of HK.
    The below is the word which I can not understand.

    ・Share of associates’ losses
    ・Profit attributable to the equity holders of the Company

    Please show me the meaning so that I can understand.

  2. #2

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    ・Share of associates’ losses
    An associate is a company which is not controlled by the company (which would be consolidated) but in one which the company has a significant shareholding and influence (20% to 50%). The proportion of net profit of economic interest held by the company is the share of associates' profit/loss attributed.

    Profit attributable to the equity holders of the Company
    This is the amount of profit attributable after taking off the amount of net profit from subsidiaries that is attributable to minority shareholders of the company's subsidiaries.

    For example if the company owns 65% of a subsidiary which reports $100 profit. The whole subsidiary is consolidated onto the accounts and then $45 is deducted for minority interests leaving $65 attributable to the equity holders of the company.