Net income attributable to controlling interest is sometimes referred to as what?

Net income attributable to controlling interest is synonymous with net income attributable to the parent company. This term is used to emphasize the portion of net income that belongs to the shareholders of the parent company after accounting for the net income that may be attributable to non-controlling interests in subsidiaries.

This distinction is crucial because it clarifies that not all of the consolidated net income reported by a company can be freely distributed to the shareholders, as some of it might belong to minority shareholders of subsidiaries. This helps in understanding the financial performance specifically from the perspective of the parent company's shareholders, highlighting the importance of ownership in determining the distributable income.

In the context of financial reporting, this term often appears in the income statement and is crucial for analyzing the profitability attributable to the owners of the parent company, providing insight into the company's operational results and performance.