!~~~~~Shareholders’ equity The shareholders’ equity section of the balance sheet of Locomotion Limited is reproduced as follows.
Consolidated Parent Note 2022 2021 2022 2021 $ $ $ $
Share capital 23 314 298 314 298 Reserves 24 206 194 175 182 Retained profits 391 342 103 95 Non-controlling interests 25 13 12 — —
924 846 592 575 1 Briefly describe what information would be contained in note 23.
2 What is the difference between the parent and consolidated columns?
3 Apart from the general reserve, list two other common reserves that might be shown in note 24.
4 What might have caused the movement in retained profits from 2021 to 2022?
5 What are non-controlling interests? Why might they have increased?