Singapore legislation
Regulation 23
of Presidential Elections (Certificate of Eligibility) Regulations 2017
Regulation 23
Definition of shareholders’ equity
Subregulation 1
If a company is not the parent of a group, the amount of shareholders’ equity the company has at a point in time is the total equity of the company at that point in time.
Subregulation 2
If a company is the parent of a group, the amount of shareholders’ equity the company has at a point in time is the total consolidated equity of the group at that point in time, and includes the equity attributable to any non-controlling or minority interests in the group.
Subregulation 3
The terms used in the definitions in paragraphs (1) and (2) are to be interpreted in accordance with the Singapore Accounting Standards, as applied by the company for the relevant point in time.