In the consolidated statement of financial position, non-controlling interests are shown separately within equity; profit for the period is also split between the parent's share and non-controlling interests. Formerly known as "minority interests".
Related terms
ConsolidationCombining the financial statements of a parent and the subsidiaries it controls as if they were a single economic entity.SubsidiaryAn entity controlled by another entity (the parent).Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Amortised costThe amount at which a financial asset or liability is measured at initial recognition, minus principal repayments, plus cumulative amortisation calculated using the effective interest method.AssociateAn entity over which the investor has significant influence but not control or joint control.BOBİ FRS (Turkish GAAP for SMEs)The financial reporting standard issued by the POA for large and medium-sized entities that are subject to independent audit but do not apply TFRS.
Last updated: October 22, 2026 · This definition is for general information only.