Say Company A (listed in the USA) owns 70% of Company B (listed in Hong Kong) and 50% of Company C (listed in Singapore).
Now, when looking at Company A's balance sheet, you see the NCA, CA, NCL and CL all listed down. Would this be the "net" assets owned? Or do these assets have to be divided among the other listed subsidiaries?
Say for example under NCA "Property, Plant & Equipment" there is a $1,000mil entry for a plant in Singapore. Would this $1,000mil be wholly the assets of Company A (i.e. already taking into account the ownership of Company A and Company C), or is that yet to be taken into account?
EDIT: Alternatively, say for example under NCA "Property, Plant & Equipment" there is an entry of $2,560mil. Would this be the NCA fully owned/attributable to Company A, or would it still have to be divided accordingly between it's listed and non-listed subsidiaries?
EDIT 2: Put it simply, if Company B had NCA of $1,000mil, would this appear on the balance sheet of Company A as $1,000mil or as $1,000mil*70%? Or neither? When a listed company owns other listed companies, are the assets shown on the balance sheet adjusted accordingly?
Submitted April 02, 2017 at 08:57AM by learner1314