Ch 4 · Ind AS 110 — Consolidated Financial Statements

5 concept points · 3 formulas · 4 exam-critical points.

📘 Core concepts

• 1Control: power over investee + exposure to variable returns + ability to use power.
• 2All investees controlled must be consolidated regardless of voting %.
• 3Consolidation: line-by-line addition; eliminate intra-group balances, transactions, unrealised profits.
• 4Non-controlling interest (NCI) measured at fair value or proportionate share of net assets (choice per acquisition under Ind AS 103).
• 5Loss of control: re-measure retained interest at FV, recognise gain/loss in P&L.