FormerMember

Operating loss in management information pages, for profit-making consolidated financial statements

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Posted By FormerMember

I am getting this issue when preparing group accounts, for a parent which is loss-making, but the subsidiary is profit-making. The overall results yield an operating profit, however in the detailed income statement it states operating loss when it is clearly a consolidated operating profit.

From what I can understand, the software is pulling through the fact that the parent's individual results have an operating loss and the heading is adjusted accordingly.

I also get a very similar issue with the tax reconciliation note for medium sized groups, where a pre-tax profit making group has the narrative above the tax reconciliation note as "Tax on loss". Again, from what I can gather it is for the exact same reason as above.

Is there an easy fix for this as I have not found a way to adjust the "loss" headings in reportpads or ROPs?