title: Calculating non-controlling interest in the presence of goodwill impairment

authors: Samkin, Grant

subjects: interest

abstract: Purpose – The primary aim of this paper is to illustrate how goodwill impairment loss should be accounted for when measuring non-controlling interest in subsidiaries.

Design/methodology/approach – The paper uses two scenarios to illustrate how non-controlling interest in subsidiaries should be measured in the presence of goodwill impairment loss.

Findings – The way the management of a reporting entity values the non-controlling interest in a subsidiary will result in different amounts being disclosed in financial statements for non-controlling interest in earnings, non-controlling interest, retained earnings and total equity.

Research limitations/implications – The paper uses two scenarios to illustrate a simple consolidation with a parent entity, a subsidiary and a sub-subsidiary.

Practical implications – Practical guidance on how goodwill impairment losses under International Accounting Standard 36 Impairment of Assets when measuring non-controlling interest under International Financial Reporting Standard 3 Business Combination, is provided.

Originality/value – The paper corrects any misunderstanding that may exist on the impact goodwill impairment losses have on closing equity when non-controlling interest is calculated under the different methods of valuing non-controlling interest.

text: Calculating non-controlling interest in the presence of goodwill impairment Purpose – The primary aim of this paper is to illustrate how goodwill impairment loss should be accounted for when measuring non-controlling interest in subsidiaries.

Design/methodology/approach – The paper uses two scenarios to illustrate how non-controlling interest in subsidiaries should be measured in the presence of goodwill impairment loss.

Findings – The way the management of a reporting entity values the non-controlling interest in a subsidiary will result in different amounts being disclosed in financial statements for non-controlling interest in earnings, non-controlling interest, retained earnings and total equity.

Research limitations/implications – The paper uses two scenarios to illustrate a simple consolidation with a parent entity, a subsidiary and a sub-subsidiary.

Practical implications – Practical guidance on how goodwill impairment losses under International Accounting Standard 36 Impairment of Assets when measuring non-controlling interest under International Financial Reporting Standard 3 Business Combination, is provided.

Originality/value – The paper corrects any misunderstanding that may exist on the impact goodwill impairment losses have on closing equity when non-controlling interest is calculated under the different methods of valuing non-controlling interest.

year: 2010

title: Nutrient Budget for Lakes Rotoiti and Rotorua. Part I: Internal Nutrient Loads

authors: Hamilton, David P.

subjects: New Zealand

abstract: Time series data of temperature and concentrations of dissolved oxygen and nutrients (total nitrogen – TN, total phosphorus – TP, nitrate – NO³, ammonium – NH₄ and filterable reactive phosphorus - FRP) were examined for trends in Lake Rotoiti for 1981-82 and 1990-2003 and in Lake Rotorua for 2002-03. TP, NO₃, NH₄ in bottom waters (40-60m) of Lake Rotoiti, below the thermocline, were examined using regression equations to quantify seasonal transformations of TP, NO₃ and NH₄. There is a relatively linear build-up of phosphorus through time in the hypolimnion following the onset of stratification and initiation of deoxygenation until the time of winter mixing. When there were high frequency nutrient data for Lake Rotoiti (1981-82 at 60 m, 1991-94 at 60 m and 2001-02 at 40 m depth) the rate of seasonal phosphorus build-up could be quantified by regression to within a relatively narrow range of 111 mg TP m⁻³ yr⁻¹ (0.304 mg TP m⁻³  day⁻¹  ) in 1992-93 to 136 mg TP m⁻³ yr⁻¹(0.373 mg TP m⁻³  day⁻¹  )in 1981-82. Based on the first and last points of all the regression equations developed for TP increase, approximately 14.4 (1993-94) to 20.5 tonnes (2001-02) of phosphorus may be added to the hypolimnion of Lake Rotoiti during stratification. There is no evidence of a consistant interannual change in the seasonal build-up of phosphorus over the years considered and the reasons for interannual variations in the rates are not immediately apparent.

text: Nutrient Budget for Lakes Rotoiti and Rotorua. Part I: Internal Nutrient Loads Time series data of temperature and concentrations of dissolved oxygen and nutrients (total nitrogen – TN, total phosphorus – TP, nitrate – NO³, ammonium – NH₄ and filterable reactive phosphorus - FRP) were examined for trends in Lake Rotoiti for 1981-82 and 1990-2003 and in Lake Rotorua for 2002-03. TP, NO₃, NH₄ in bottom waters (40-60m) of Lake Rotoiti, below the thermocline, were examined using regression equations to quantify seasonal transformations of TP, NO₃ and NH₄. There is a relatively linear build-up of phosphorus through time in the hypolimnion following the onset of stratification and initiation of deoxygenation until the time of winter mixing. When there were high frequency nutrient data for Lake Rotoiti (1981-82 at 60 m, 1991-94 at 60 m and 2001-02 at 40 m depth) the rate of seasonal phosphorus build-up could be quantified by regression to within a relatively narrow range of 111 mg TP m⁻³ yr⁻¹ (0.304 mg TP m⁻³  day⁻¹  ) in 1992-93 to 136 mg TP m⁻³ yr⁻¹(0.373 mg TP m⁻³  day⁻¹  )in 1981-82. Based on the first and last points of all the regression equations developed for TP increase, approximately 14.4 (1993-94) to 20.5 tonnes (2001-02) of phosphorus may be added to the hypolimnion of Lake Rotoiti during stratification. There is no evidence of a consistant interannual change in the seasonal build-up of phosphorus over the years considered and the reasons for interannual variations in the rates are not immediately apparent.

year: 2004

title: Tāwharautia Aotearoa

authors: Maxwell, Te Kahautu

abstract: Tāwharautia Aotearoa was composed in opposition to the National Governments attempt to remove Section 9 of the Principles of the Treaty of Waitangi which would give the Government power to sell State assets. Performed by Ōpōtiki Mai Tawhiti at the Te Matatini World Championship Kapa Haa Competition 2013.

text: Tāwharautia Aotearoa Tāwharautia Aotearoa was composed in opposition to the National Governments attempt to remove Section 9 of the Principles of the Treaty of Waitangi which would give the Government power to sell State assets. Performed by Ōpōtiki Mai Tawhiti at the Te Matatini World Championship Kapa Haa Competition 2013.

year: 2013