The International Accounting Standards are similar to U. The equity method of accounting is sufficiently complex that we have dedicated a whole page to the topic.
Give it a read to learn more about the equity method of accounting.
The Company News Page contains the most comprehensive coverage of mining and exploration company announcements to the ASX - it is updated at least 8 times every business day.
In addition there is a daily Wall Street summary and a table containing detailed daily metals and energy prices and indexes throughout the world.
While the parent has to consolidate its subsidiaries’ assets, liabilities, etc., into its financial statements, the asset/income attributable to minority interest should not be added to the group’s consolidated financial statements.