45-15 The ownership interests in the subsidiary that are held by owners other than the parent is a noncontrolling interest. The noncontrolling interest in a subsidiary is part of the equity of the consolidated group.
45-16 The noncontrolling interest shall be reported in the consolidated statement of financial position within equity (net assets), separately from the parent’s equity (or net assets). That amount shall be clearly identified and labeled, for example, as noncontrolling interest in subsidiaries (see paragraph 810-10-55-4I). An entity with noncontrolling interests in more than one subsidiary may present those interests in aggregate in the consolidated financial statements. A not-for-profit entity shall report the effects of any donor-imposed restrictions, if any, in accordance with paragraph 958-810-45-1.
May also be referred to as the ultimate parent.
May also be referred to as the immediate parent of the second-tier subsidiary.
Second-tier subsidiary’s ultimate parent.
Second-tier subsidiary’s immediate parent.
Although an alternative presentation of a parent’s or affiliate’s noncontrolling interest may be used under specific facts and circumstances, the SEC staff may question that presentation. SEC registrants that are considering the use of an alternative presentation are encouraged to preclear it with the SEC staff before issuing their financial statements.