Non Controlling Interest

3 Months Ended

Jun. 30, 2011

Noncontrolling Interest Disclosure [Text Block]

NOTE 11- NON CONTROLLING INTEREST

A reconciliation of the non controlling loss attributable to the Company:

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the six months ended June 30, 2011 and 2010:

		2011			2010
Net loss	$	3,475,372		$	663,805
Average Non-controlling interest percentage		43.6	%		37.13	%
Net loss attributable to the non-controlling interest	$	1,516,311		$	246,439

The following table summarizes the changes in Non Controlling Interest from December 31, 2009 to June 30, 2011:

Balance, December 31, 2009	$	258,127
Transfer (to) from the non-controlling interest as a result of change in ownership		881,533
Foreign currency translation		21,874
Net loss attributable to the non-controlling interest		(750,104	)
Balance, December 31, 2010		411,430
Transfer (to) from the non-controlling interest as a result of change in ownership		1,283,475
Foreign currency translation		(59,631	)
Net loss attributable to the non-controlling interest		(1,516,311	)
Balance, June 30, 2011	$	118,963

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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KODIAK ENERGY, INC. 10-Q