Minority interest

Insurance Journal  Sep 7  Comment 
Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327 million) for a 22.5 percent...
Financial Times  Aug 24  Comment 
Start-up develops digital payments solutions for smartphones
The Hindu Business Line  Aug 23  Comment 
Colgate-Palmolive has picked up a minority stake in Bombay Shaving Company (BSC), a premium online men’s grooming brand, for an undisclosed amount. Ex
Financial Times  Aug 11  Comment 
Group joins private equity trend of funding expansion by joining forces with peers
Reuters  Jul 26  Comment 
AccorHotels, Europe's largest hotelier, said it had abandoned plans to buy a minority stake in Air France-KLM, which has been hit by boardroom and staff unrest.
Wall Street Journal  Jul 24  Comment 
Eli Lilly is taking public a minority ownership stake in its Elanco animal-drug business, a prelude to shedding the unit and focusing more on its medicines for humans.
Financial Times  Jul 20  Comment 
Baseball club’s owners approach international investors


Minority interest is an item on a company's consolidated balance sheet which refers to non-controlling interest held by outside investors in one of the company's subsidiaries. Non-controlling interest refers to ownership of less than 50% of the voting shares.

For example: Suppose Altria owns 80% of the shares in Kraft Foods. Altria would report Kraft as a subsidiary and account for the company in its consolidated balance sheet. However, since Alria does not own 100% of the company, it would have to list the remaining 20% as a minority interest.

Payments made to minority shareholders are reported in the income statement of the holding company, and the value of the minority interest stake is reported as either a liability or equity in holding company's balance sheet.

The US GAAP allows minority interest to be reported under either the liability or the equity section of the balance sheet; while the IFRS mandates that it is reported under the equity section.

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