Part | — Commentary, Issues and Sotutons reduced from opening minori land the parents share of led against consolaatod reserves, in CFS (01 prelerred stock) should be included in inthe CFS; wihen these stockholders have to that enjoyed by equity owners but do not is oF assets of the company other than to the f @ guaranteed IRR or dividend rate? imerest is defined as ‘minority Interest in net assets of consolidated subsitaies that do not represent px enterprise to pay cash or cistribute other assats to minority stockholders. Rather, those stock holders have ownership or residual interest ‘components of a consolidatod enterprise While preparing CFS, outstanding cumulative prelerence shares issued subsidiary are considered in tha same manner as any otver extemal abit, Such as debentures, etc. Accordingly, the cost associated with such cumulative preference shares needs to be adjusted for. Therefore, while Computing its share of profits or losses of the subsidiary, tho parent should make adjustments in respect of preference dividends on outstanding {cumulative preforence shares issued by the subsidiary and hold outside the group since, for the group, such preforance shares represent external fe. It would be appropriate for the parent to compute its share of Drofis or losses after adjusting for the subsidiary’s cumulative preference dividends, whether or not profits are available or dividends have been lared. However Preferonce shares, no such Agusment is required unless the dividend is actually declared Disclosures in CFS Disclosures should be made in accordance withthe for ‘company’s financial statements. Further dsciosures under Chap. 21 — AS-21 — Consolidated Financial Statements standards whore material should be made. Other presentation land disclosure aspects are considered in ASI-15 which Is contained ‘elsewhere in the Chapter In order to ensure the comparabilty of the financial statements from one supplementary information is often provided ion and 9 date and the Period and on the coerespanding amounts for the jst ofall subsicaries including the name, country of incorporation (F residence, proportion of awnership interast and, i ferent, proportion of voting power held In CFS, where applicable: + the nature of the the parent does more than ono-h the effe financial position at the reporting date, the results forthe reporting period and on the corresponding amounts for the preceding. period: and the names of the subsidiary(ies) of which reporting date(s) isiare diferent from that ofthe parent and the dference in reporting dates Incase of acquisition of a subsiiary during the reporting ptiod, the effect (on the financial position and on tha results ofthe correspond Period is not disclosed since in the pr 2 subsidiary and, therefore, was not co etfect on the financial position and on the results of the corresponding Preceding period is made only in case of disposal of a subsidiary which was acquired before the current reporting period and accordingly, consolidated ion reserves of a ‘Are comparative figures required to be provided in the CFS? 989