Please help, v stressed student - can any accountingy people help?

[studentstudentstudentstudent]

I have a question on consolidated financial statements.

Why is NCI presented as part of the parent's equity in the consol SoFP please, when they do not actually "own" this? Seems bizarre to me that it counts as their equity when it is the part of the subsid's equity that the parent does not actually control!

Please help.

Huge thanks!

Think of equity as like a liability. The company has net assets and they are balanced by what is owed to the parent shareholders and to the NCI shareholders.

Ah thank you, I feel so stupid! Believe it or not, I've done this accounting lark for a while but that makes so much sense! Thank you thank you xx