Minority Interest
From bib. source
[…], subsidiary companies are partly owned by minority shareholders. They are the shareholders who hold shares in the subsidiary only. They are referred to as the ‘minority interest’.
That is, the minority interest is the set of shareholders that at least partially own (i.e., hold shares in) only a subsidiary company or firm of the main or central company or firm (Kind 1999, 35). That is, they have shares on a business but not its company. Minority interest in a profit and loss account would represent “the share of the profit after taxation¨ that the minority interest have a claim to (Ibid).
This representation of minority interest needs to be subtracted to arrive at the main or central company’s net profit after taxation.
subsidiary_company subsidiary_companies partial_ownership minority_shareholder minority_shareholders minority_interest taxation shareholder shareholders subtraction diffusion subtraction_operator subtraction_operators math mathematical_operator mathematical_operators finance accounting profit_and_loss_account profit_and_loss_statement equality
bibliography
- “The Profit and Loss Account in More Detail.” In Accounting and Finance for Managers, 25–37. The Fast Track MBA Series. Dover, NH: PriceWaterhouseCoopers, 1999.