The following are excerpts of the equity and liabilities section of the balance sheet of four companies (with Notes when applicable). 

China International Marine Containers (China – IFRS – Source: Annual report 2011 – Production of marine containers)

Consolidated balance sheet (aggregated)

Honda Motor Co. (Japan – US GAAP – Source: Annual report 2011 – Manufacturer of automotive vehicles, motorcycles and light farming equipment) 

Consolidated balance sheet (excerpts)

EVN AG (Austria – IFRS – Source: Annual report 2010/11 – Energy and water services)

Consolidated statement of financial position (aggregated)

Recipharm (Sweden – IFRS – Source: Annual report 2011 – Pharmaceutical contract development and manufacturing)

Consolidated balance sheet (aggregated)

Required

1. Compare and contrast the way non-controlling (minority) interests are reported in the four companies.

2. Suggest a coherent set of arguments that support the solution that has been adopted by each firm. How robust is your set of arguments? In other words, what hypotheses could be challenged that might change the outcome in terms of reporting the non-controlling (minority) interests?

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31 December RMB 000 2011 2010 Liabilities and shareholders' equity Current liabilities Non-current liabilities 31,236,333 29,971,335 11,511,709 4,952,614 Shareholders' equity Share capital Capital reserve Surplus reserve Retained earnings Transation differences of 2,662,396 1,349,420 2,953,160 3,577588 12,785,092 10,689,335 (566,755) 2,055,682 2,662,396 799,261 financial statements denominated in foreign currency Total equity attributable to 18,633,154 16223,057 shareholders of the company 2983,643 Minority interests Total equity Total liabilities and 2,980,518 21,613,672 19,206,700 64,361,714 54,130,649 shareholders' equity Yen in millions 31 March Current liabilities 3,419,130 2,313,035 3,568,192 2,043,240 Long-term debt, excluding current portion Other liabilities 1,440,520 1,376,530 Total liabilities7,172685 6,987,962 Equity Honda Motor Co., Ltd shareholders' equity: Common stock Capital surplus Legal reserves Retained eamings Accumulated other 86,067 172,529 46,330 5,666,539 (1,208,162) 1,495,380 86,067 172,529 45,463 5,304,473 comprehensive income (loss), net Treasury stook, at cost(71,730) 4,328,640 26,110 4,449,975 Total Honda Motor Co. Ltd shareholders equity Non-controlling 127,790 132,937 interests Total equity Total liabilities and 4,456,4304582,912 11,629,115 11,570,874 equity TEUR 30 September 2010 2011 Equity Equity attributable to EVN AG 2,8143 2,679.5 shareholders Minority interest Non-current liabilities Current liabilites Total equity and liabilities 361.7 345.7 3,176.0 3,025.2 2,712.0 2,864.5 841.5 6,870.46,731.2 982.4 SEK million 12/31/2011 12/31/2010 Equity Share capital Additonal paid-in capital Retained earningsl/Reserves Profit brought forward Equity attributable to 12.7 514.5 97.4 84.3 514.1 10.0 517.2 -21.6 130.4 636.0 Parent company Non-controlling interests Non-current liabilities shareholders 6.8 642.8 599.2 944.7 1,543.9 Total equity and liabilities 1,727.2,186.7 0.0 514.1 499.0 714.0 1,2130 Total equity Current liabilities Total liabilities