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The Main Owner Percentage Register

Use the Main Owner Percentage register in Daughter Companies that are not wholly owned by the Mother, or where there is any other reason for only a percentage of the results of the Daughter Company to be reported to the Mother.

You can enter separate records in the Main Owner Percentage register, allowing the ownership percentage to change over time. In the example illustration above, the Mother Company owned 40% of the Daughter to start with, and increased its holding to 60% over time.

The appropriate percentage of the Daughter Company's Account balances will be included in consolidated reports produced from the Mother Company. For example:

Report PeriodPercentage
01/01/2001:31/12/200140
01/01/2002:31/12/200245
01/01/2001:31/12/200245

In the third example, the Main Owner Percentage changed during the report period. When this happens, the latest percentage is used.

If the Main Owner Percentage register is empty, the Daughter Company is assumed to be 100% owned by the Mother.

Where a Daughter Company is partially-owned and an appropriate record exists in the Main Owner Percentage register, balances of Daughter Company Accounts will only be reduced to the correct percentage if the Reduce Minority check box is on in the Daughter Company Account records.

This register and the Reduce Minorities check box are also taken into account by the 'Consolidation' Export function. The balance for each Account that is exported will be reduced to the correct percentage for Accounts whose Reduce Minorities box has been checked.