Q.1. Define noncontrolling (minority) interest. List three methods that might be used for reporting the noncontrolling interest in a consolidated Solution Non Controlling Interest also known as Minority Interest is that portion of the subsidiary\'s equity capital which is not held or own or controlled by the parent company. Parent company here means who has a controlling interest of 50% or more in the subsidiary and who consolidates their financial statements with its own. Three methods to report NCI are:.