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In accounting, minority interest (or non-controlling interest) is the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent.[1] It is, however, possible (e.g. through special voting rights) that a controlling interest requiring consolidation be achieved without exceeding50% ownership depending on the accounting standards being employed. Minority interest belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders
