NCI - Dec. 31, 20x1 117,600 156,720 274,320 Step 5: Consolidated retained earnings P's retained earnings – Dec.

31, 20x1 600

ained earnings – Dec. 31, 20x1 600,000 Consolidation adjustments: P's share in the net change in S 1's net assets (a) 70,400 P's share in th
et assets (a) 70,400 P's share in the net change in S 2's net assets (b) 35,280 UGnar ineaolir zleodsspronfitesx ( tiDnogwuins shtmreanmt o
itesx ( tiDnogwuins shtmreanmt ofnblyo)nds - P's sh. in goodwill impairment - Net consolidation adjustments Consolidated retained earn
ments Consolidated retained earnings – Dec. 31, 20x1 105,680 705,680 (a) Net change in S1’s net assets (Step 2) of ₱88,000 x 80% = ₱70,4
(Step 2) of ₱88,000 x 80% = ₱70,400. (b) Net change in S2’s net assets (Step 2) of ₱72,000 x 49% = ₱35,280. Step 6: Consolidated profit or
280. Step 6: Consolidated profit or loss CUon nresa . l aizde jd usp tmroefi nts ts: - - - - Dividend income - N/A N/A - Extinguishment of bon
N/A N/A - Extinguishment of bonds - - - - Profits before FVA 320,000 88,000 72,000 480,000 Depreciation of FVA ( - ) ( - ) ( - ) ( - ) Goodwi
on of FVA ( - ) ( - ) ( - ) ( - ) Goodwill impairment ( - ) ( - ) ( - ) ( - ) Consolidated profit 320,000 88,000 72,000 480,000 Step 7: Profit or loss a
00 480,000 Step 7: Profit or loss attributable to owners of parent and NCIs P's profit