minority interest calculation in hfm
DESCRIPTION
Minority Interest Calculation in HFMTRANSCRIPT
Minority interest Calculation in HFM
Enter some values in Revenue and Expenses Accounts
Now Net income before tax and minority interest showing 30000
Now go to Ownership management set the PCON, PCON percentages to calculate the Minority interest percentage.
PMIN=PCON-POWN
Example: 100-80= 20% PMIN
Now load the Minority interest Rule
Subs calculate ()
Pmin = 1 - HS.Node.POwn("S#Actual.Y#2012.P#January.E#APAC.India")
HS.EXP "A#Minority Interest.C1#NOCC.I#[ICP NONE] = A#NI Before Tax and MI.C1#Cost Center.I#[ICP TOP] * " &pmin
End sub
Run the calculation on the Grid
Here is the result
(30000*20/100=6000)
Regards
Devaraj