Authorised Investment Fund
Corporation Tax
Group Module
Investment Trust
Life
Hotline
Pack development
Irish Corporation Tax
Partnership Tax
Partnership Gains
Administrator
Tracker
Hong Kong Profits Tax
VAT
Personal Tax
Corporation Tax Lite
REIT joint ventures financial statement |
See Also
REIT company financial information | REIT group financial statement
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule is developed from either the Company financial statement or Group financial statement schedules, and provides the financial statements for any joint venture interests held by the company.
Each schedule can cumulate the details for up to four joint venture interests. If more than four joint venture interests are held, the schedule can be developed as many times as required.
This schedule can be developed from the Group financial statement schedule.
The schedule is split into four different sections as follows: -
Where the company is not owned 100% by the group, the percentage beneficial interest should be entered in the relevant data entry field so the correct details are calculated and linked back to the Company financial statement.
Note that percentages should be entered as a percentage of 100, e.g. 25% should be entered as ?.25?.
The details required within each section are self-explanatory. If you wish to include the expense disclosure for either the property rental or residual business, or the asset reconciliation disclosure, set the relevant selector to YES and enter the appropriate values.
None.
Where one or more instances of the joint ventures financial statement have been developed, it will automatically be present in the following period when rolled forward.
Where the Company name and ?percentage beneficial interest? cells have been completed, this data will be rolled forward into the new period.
The other information contained within the financial statement is entirely period specific however, and so will not roll forward.
Error |
How to solve it |
Total profit does not agree to Audited Accounts |
This error arises when the total Profit per Audited Accounts figures entered does not agree to the Total profit for the period as calculated from the entered figures. This error can only be resolved by double-checking all entered figures to ensure that they are correct. |
© 2009 Thomson Reuters.