[In January 2008 the IASB issued an amended IAS 27 Consolidated and Separate Financial Statements, which amended ‘minority interest’ to ‘non‑controlling interests’. The consolidation requirements in IAS 27 were superseded by IFRS 10 Consolidated Financial Statements issued in May 2011. The term ‘non‑controlling interests’ and the requirements for non‑controlling interests were not changed.]
BC59 IAS 1 requires the ‘profit or loss attributable to minority interest’ and ‘profit or loss attributable to owners of the parent’ each to be presented in the income statement in accordance with paragraph 83. These amounts are to be presented as allocations of profit or loss, not as items of income or expense. A similar requirement has been added for the statement of changes in equity, in paragraph 106(a). These changes are consistent with IAS 27 Consolidated and Separate Financial Statements, which requires that in a consolidated balance sheet (now called ‘statement of
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