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The Brink's Company Message Board

  • quickpiner quickpiner May 2, 2008 12:41 PM Flag

    New to board!

    Any thoughts from you guys who follow this as to why the somewhat disappointing action since the earnings announcement? Thanks!

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    • People taking profit - including insiders.

      What is Minority interest on Finanical statements - Looks like a $14M loss

      • 1 Reply to mikehall1115
      • Minority interest is an amount NOT owned/entitled to by a consolidating entity. An example with clarify.

        Company A acquires 95% of company B's stock and by GAAP accounting rules company A must consolidate (all/completely) company B's financial results into its own. But remember, there is still 5% of company B that is not owned by company A. The way this is treated is by "backing out" this 5% with the line item Minority Interest.

        So the overall procedure is for A to consolidate all of B's financial results (revenue, COGS, SGA, etc..) but then BACK OUT the portion of B's earnings stream (the 5%) that it does not own. This is minority interest on the income statement. The balance sheet follows a similar logic and minority interest is treated the same way - as a liability - the portion of consolidated assets that it does not own.

        Hope that's clear. Let me know otherwise.

 
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