The entity (parent) has 2 subsidiaries (subsidiary 1, subsidiary 2) and owns 100% in both of them.
Total equity of subsidiary 1 - 300,000 USD;
Total equity of subsidiary 2 - 200,000 USD
In the reporting period subsidiary 1 has issued 100,000 (nominal value 1 USD per share) unused shares which was bought by other party with amount 150,000 USD.
At the same time subsidiary 2 has issued 50,000 shares (nominal value 1 USD per share) unused shares which was purchased by subsidiary 1 whit amount - 100,000 USD
Parent company prepares consolidated FS at the end of the reporting period.
What will by NCI in consolidated FS? And do i have to eliminate second transaction as it occurs in the group? If yes hat will be the % of NCI in subsidiary 2?