Definition
Minority Interest – The portion of a consolidated subsidiary's equity and profit that belongs to shareholders other than the parent company, common when a parent owns (say) 53% of a subsidiary but consolidates 100% of its results and then carves out the other 47% of profit and equity as belonging to those outside shareholders. A large non-controlling-interest share of a reported "total profit" figure means a meaningful chunk of that headline number isn't actually available to the parent company's own shareholders. Found In: Income Statement, Balance Sheet (Statement of Changes in Equity)