386 | Chapter 10 10.15 From the information given below you are required to prepare the consolidated statement of financial position as at 31.12.36. ‘2. Given below are the statements of financial postion of Ta, Short and Average as at 31 December 16, Tall Short Equity end Liabilities wooo RM'000 Ordeary share captl 1,100 1,040 Preference shares: 500 Retained profit 200 00 150 abies (Current account Tal 40 Shoe Trade payables 100 30° Lean from Shot 7,900 1,410 Assets Investments in subsidiaries ‘Short ~ 600,000 ordinary shares at cost 800 ‘Average ~ 400,000 ordinary shares 300 Non-curent assets 380 1,220 765 Current assets Inventory 404% 20 5 Trade receivables 80 307.8 6 Curent accounts ‘Short 4504 Average 5 BAN Lean fo Averge 100: Bank 102 108 1% 71900 7410 ‘300 Cn { January x4, Tal bought 60 percent ofthe issued ordinary share capital of Short. The retained proftof Snorton 1 January x4 was RM200,000, and the fi value ofa non-depreciable non-cuent asset of Shoc was RMB0,000, less than ts carving amount. This asst i stil in Short (On | January 16, Tall bought 80 percent ofthe ordinary share capital of Average by an immediate cash payment cof RM300,000 and a payment in a year's time of RM1 10,000. The present value ofthis defered payment is RM100,000. Tal has ecocded the immediate payment only. On the acquiston date, the retained profi of Average ‘wes RME0,000. The carving amount of al the assets reflected ther firvalve. Diferences inthe curent accounts are ve to vent (at cost price) in rans Included in the trade receivables of Shorts RM25,000 cue rom Average. Average remitted RMB,000 ofthe amount ‘owing on account of is trade payables with Short on'31 December x6, which was received by Short on 1 Jenuaryx ‘There has been no increase inthe issued share capital of Short or Average. Oetened payment. Agreement $+ pay Vale, due # cash shortage ir gee hy Gosh Dalat Ured z. Bry iden nh wack ilecial Position | 387 From the information given below you are re ee required to prepare the consolidated statement of financial en blo are he sateen of ancl Sie ta franca pestion of Rj, Sled and ie a at 8 Rok Juice Equity ‘RM'000 ‘RM'000 Onna share cnt ae Prierence sare cai ea, 2 Retained pott aS , Liabities Curent account Sead 80 shee 10 ¢ 6 Hrade cayatles e060 Non-current Assets: et Lan aos 1.000426 1,200 -1954 Other roncurent asses veo" 7 Investments in subsidiaries Saad 1,200,000 onary shares at cst 2000 ‘hice ~ 800,000 array shares ai cost 200 Current Assets Inertory 160 » 0 Trade receivables 0 180 B-n0 Current accounts Rojk 100 Sas 70 Bark 170 20 Zaao “2270 ‘Acxitional information: oul sued ornay shares of Sala when te retained prot of Ont denuayy23, Rojak bought 75 percent of thes Salad was RY00,000 On rie, he fava of «pz cf an ot Saad, whose caning ama. vas Faso nat i600 00 Ne Eset yas made eect he fat ae a bs Gr ent o8 jk bought 0 percent ofthe issued ona shares foe The costo Me ores Se eaten vas an merits cash payment of RMBQO,000, frter cash payment of RYABA.00D eo Freer and ase of 150,000 rdnay shares in Rojak. Te fat vale of jks ocnay shes er 0s was Rv aoc jk aso date ny ecard the nmedate cash parent The contol cP {F Rojak 10 percent and the reset value ofthe defrred payments RMAOQCOO. Ont Jomo Bereta prot of lc was RMED.000 andthe fa vue of he ado as RM 500,000 but no adjustment was made to reflect th far value, The fir ‘value on 31 December x8 was H.780,000 Juice has no bout or sld ay and 4 Thediferences inthe current accounts are due to cash in vans Baad sta payin of Roja MZ, 000 de to Sal nd R120 due tic, Salad nes factered RME,000 o he amount aveng on account ofthe receable om Re}= 10.14 From the information sven below, you ae required to prepare the consolidated statement of francil jones at 31 December x6. oa post go7k nut 220 (ler acquted 1.8 millon of he 9 ion orn shares of Jamie on 1 January x3. The relied pot of Jarie cna date was RYOO0.000- P ACG dake RE avs a ote 9 Stenosis Orman Dees of ' =a Eauty and bites sarcoo peacoat 2200 aie 0 Curent lbities ‘Accumulated deprecation ant and machinery ‘Accumulated deprecation umtre and ftings ‘Accumulated depreciation Invesimentin Jamie - Orcinary shares at cost a 390 73.200 fair values and other deta of the non-curent assets of Jamie were: Carrying Amount RM'000 Land 300 Balding 1,580 *| Pantand machinery "700 re and futures 210 Brand Ni Remaining Useful Life Indeite 8 Non-curent asses are depreciated using the stight-ne method © Asat31 December 16, i was determined tha be angle brand in Jamie was ipaied by R200 000. 4 Olver pois to isctose and at far value andthe ar valves olan on 31 Decernbr x6 were RMI, 500,000 (Civ) and RMI 200,000 Jari) Inoue inthe current asses of Overs RMAS 000 due fom Jamie. However, Jami has remted RM0,000, 81 December x6 which Olver received on 1 January 7Consolidated Statement of Fina gp wot se flowng ae the slalements of nancial poston of His and Shore as at 30 Jun ils Shore quit and Liabilities M000 ‘RM'000 Epa share capt : Grdrary stare capil 000 elaned profit as at 1 July ra 600 Prot fx he year @ iw ro percont debentures id a 71400 assets 300 Imvestment in Shore "300,000 arty shares ca Land at cost a Pat a an sundy ret ase!s ‘ sy am. 1400 70 ail iformation Tre einay share capital of Hits consisi6f 200,000 ordinary shares and that of Shor consists of 00,000, cedar shares, ils purchased 300,000 ora shares in Shor on | Jy Te firvlue ofthe and of Shor én 1 ly 22 was RMEOO,000. Shore di rot incorporate this va nts accounts, Subsequently the far value increased by RME0,000. There were no addons or cisposals cf land datrg te curent yea Trefarvai of hepato Sore ag2100,000 more tans caynganounton | Ju x2. The emarng cecoromic lie of the plant was five yeats as at 1 uly x2. She gap wants a dclse the lard a fa vue Geel recognise i ited to the parents share. Geil on consoldation is pated by 20 percent Frm the information given, you are required to prepare the consolidated statement of nancial position asat 30 June x3, masz ‘ier tebw ae te statements of nancial poston of Homer and Smpson as at 31 December 6. Homer Simpson Ezuiyond Uabities | ale M900 RM'000 Ordinary share captal~ ¥L 2,000 1,000 Reiaed prot bt 500 300 Proit he year 200 200 2,700 7,500 Pasties 200 ico 0 7600 sets lard 500 £00 Biking 700 12. 600 - Feszach and development Ni 100 lesen n 300,000 odnay shares in Simpson 1,000 iy 400 200 200 4100 f F | F EB 33Aarau ot 1 00,00 day she ed at of Sp conic 00 fon ee eH al Se a ages Tecan amatl he ok a Se a a ae ec ecu oo aca Se ee a edauvamgnre eee ae re le across Riba Saree Se bent ete cet es ere ts ne oreo bry ie ee ee para ba cas conv pr Ta oat ee atin s ce ane Seat aiaeuvam anaapaane eon Egor cea a ee Siar a coven rn ee oe ce eaaetaes Bh Pei pelea cpee cla Write hneraoe Ses a Resto proper ceed satan Noch non 10.13 Given below ae the satements of franca positon of Sea and Ocean as at 31 December x Equity and Liabilities Sea Ocean 000 M000 Ornay share capa a 3,400 1700 Roane (6 a e 8 percent lean stock Ni 00 Payables 100 20 000 2480 Non-current Assets oo a Land 700 ia Buide 00 00 investment in Ocean "7501000 ora shares 2,000 current assets Inventory 200 300 Receivables 10-900 Cash 50. 100 4,000 2,480 ‘Additional information: net 96 Ww ‘Sea acquired 75 percent ofthe issued oxtinary share capital of Ocean on 1 January 6 wien the lanes prolt of Ocean was RM100,000, Ocean has not issued ary cna shares since | Januay x8. . Thefairvaes ofthe lad nd buitng of Ocean on 1 January x6 were RM100,000 and RM180,000 more han hs carving amouns, especialy. The rening well ifeo he bulkngon | January x6 was 18 yeas. Ocean drat aust is nancalstaiemenis to rebect he fai valves. The canyng amount of the bung on JT December x7 5 X __aferproviding foryearx7depresaton charge, There were no adiins or disposals oflandandbulingfromyearsS Fc. As at 81 December x7, the receivables of Sea incude RM20,000 due from Ocean but Ocean shows an amount due to Sea of RM20.000, ad te dference is due fo cash in tani. 4. _Non-contoling interests measured based onthe fair valve of he net assets ofthe subsisiany. From the information given, you are required to prepare the consolidated statement of financial position ‘5 at 31 December x7.