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"In case of inter-company unrealized profits included in unsold goods, minority shareholders are not affected in any way"--Yes/ No. Please Explain.

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/11/29
Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

I am agree with that and say Yes

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

We have to follow the proper accounting procedure and notify in disclosure

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

Yes, because because the goods has not sold yet

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

yes

Goods are not sold and the profit is not realized

Khan Sohal khan
by Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.

Yes,in case of both unrealised profit and loss too included in unsold goods

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

Yes because goods isn't sold yet

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

Yes,

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Yes, being it is an inter company transaction. the overall impact on Group profit will not change, therefore minority shareholder will not get affected.

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Yes, because being unsold and unrealized profit.

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