CI from own operations - P Company

(Excluding dividend income) ₱ 480,000.00

Realized CI - S Company:
CI from own operations - S Company ₱ 180,000.00
Unrealized gain {[76,000/(1 1/3)]X1/3} - 19,000.00
Realized gain {[60,000/(1 1/3)]X1/3} 15,000.00 ₱ 176,000.00
Consolidated CI 656,000.00
Less: Attributable to NCI (176,000 X 25%) 44,000.00
Attributable to Parent ₱ 612,000.00
 Problem 17-2

a. CI from own operations - P Company ₱ 200,000.00

Unrealized gain - Downstream sale - 30,000.00
Realized CI - P Company ₱ 170,000.00
CI from own operations - S Company 180,000.00
Consolidated CI ₱ 350,000.00

b. CI from own operations - S Company ₱ 180,000.00

NCI Proportionate Share 20%
NCI in CI of Subsisiary ₱ 36,000.00

c. Net Assets - 01/01/17- S Company ₱ 900,000.00

Increase in earnings (180,000-60,000) 120,000.00
Net Assets - Dec. 31, 2017 - S Company ₱ 1,020,000.00

NCI (1,020,000 X 20%) ₱ 204,000.00

Problem 17-4

a. CI from own operations - P Company ₱ 300,000.00

Realized CI - S Company:
CI from own operations - S Company ₱ 150,000.00
Unrealized gain - 4/1/17 - 30,000.00
Realized gain - 12/31/17
[(30,000/5)X9/12] 4,500.00 ₱ 124,500.00
Consolidated CI ₱ 424,500.00
Attributable to NCI (124,500X20%) - 24,900.00
Attributable to Parent ₱ 399,600.00

b. Net Assets - Jan. 1, 2017 - S Company ₱ 800,000.00

Increase in earnings:
Ci from own operations ₱ 150,000.00
Dividends paid - 50,000.00
Unrealized gain (30,000-4,500) - 25,500.00 ₱ 74,500.00
Net Assets - Dec. 31, 2017 ₱ 874,500.00

NCI (874,500X20%) ₱ 174,900.00