Goodwill on acquisition of Short

Consolidated transferred
NCI [(1,040+200-50) x 40%]

Fair value of net assets:

Ordinary share capital
Retained profit

Less: Fair value adjustment

Goodwill

Goodwill on acquisition of Average

Consolidated transferred (300+100)

NCI (520+55) x 20%

Fair value of net assets:

Ordinary share capital
Retained profit
Bargain purchase

NCI (GROUP)

NCI of Short
NCI of Average

Post-acquisition reserves:
Short [(300-200) x 40%]
Average [(150-55) x 20%]

Group Retained Profit

Tall's retained profit at 31 December X6

Tall's share of post-acquisiton profit - Short [(300-200) x 60%]
Tall's share of post-acquisiton profit - Average [(150-55) x 80%] +60

Less: cost of finance (110-100)

RM'000 RM'000

800
476
1,276

1,040
200
1,240
50 1,190
86

400
115
515

520
55 575
-60

476
115
591

40
19 59
650

200
60
136
396
10
386
 Consolidated Statement of Financial Position of Tall Group
as at 31 December X6
RM'000
Non-current assets (380 +1,220 +765 -50) 2,315
Goodwill 86
Current asset:
Inventory (40+20+25+5+3+5) 98
Trade receivables (80+30+35-25) 120
Bank (102+105+75+8) 290
2,909

Ordinary share capital 1,100

Group retained profit 386
Preference share 500
1,986
NCI 650
2,636
Trade payables (100+30+50-17) 163
Consideration payable 110
2,909
asset still in short
sheet 1

average owes short

remiited 8,000 by average

given
sheet 1
given

sheet 1

25,000 owes but remitted 8,000

given