Party Co`s consolidated statement of financial position as at 30 sep 20X5

(working area) (w2)

ASSETS (w1) Net assets of S.co
Cost of investment
Non-current assets cash consideration
Property Plant & equ 476000
Goodwill 32396 Investment 92000 Ordinary sh
cash 92000 retained e
Current assets 139160 revaluation
Deferred consideration FVA invent
TOTAL ASSETS 647556
future cas discount fapresent vaTOTAL
EQUITY AND LIABILITIES 28000 0.857 23996
(w3)
Capital & reserves Investment 23996 Goodwill
deferred consideratio 23996
ordinary share capital 190000
revalutation surplus 41400 Unwinding of discount
consolidated reserves 209398 less :
NCI 15392 Consolidat 1920
Deferred consderatio 1920
LIABILITIES
Non-current liabilities Cost of in 115996 (w4)
NCI
Deferred considerati 25916
add:
Current liabilities 165450

TOTAL EQUITY & LIABILITIES 647556

(B)
Pending
Net assets of S.co

at acquisitat reportinPost acquis(w5)

Consolidated reserves
60000 60000
34000 36500 P.co retain 210000
4000 4000 S.co post a 1568
600 60
less: URP -250
98600 100560 1960 Un-winding -1920

Consolidat 209398

Cost of in 115996
fair value 15000

Fv of S.co -98600

Goodwill 32396

fair value 15000

S.co post a 392

NCI for sof 15392

(a) (working area)
Consolidated Goodwill (w1) Net assets of Rakewood
Cost investment
Cost of investment 51300 Share consideration at acquisit
Fair value of NCI at a 12000
Investment 37800 Ordinary sh 15000
less : fair value of S.co net -46800 share capital 5400 retained e 27600
share premium 32400 FVA of plan 4000
Goodwill 16500 FVA of inv 200
Deferred consideration
TOTAL 46800
future valudiscount fapresent value

14580 0.925926 13500

Investment 13500
deferred consideratio 13500
Un-winding of discount

interest ex 810
deferred consideratio 810

Consolidated statement of profit/loss & other comprehensive income for the year ended 30 sep 20X6

Revenue 112700 Working area

cost of sales -74900 rakewood sales to laurel

gross profit 37800 total intra 10800

distribution cost -3200
administrative expen -6200 URP 300
investment income 900
Associates profit
finance cost -1110
post acquis 600
profit before tax 28190
income tax expenses -7500

profit for the year 20690

Rakewood
profit attr 18370
NCI 2320

consolidate 20690

Rakewood profit after 7800

excess depreciation -1500
URP -300
inventory loss -200
Adjusted 5800
s of Rakewood

at reportinpost acquisition

15000
35400
2500
0
 (working area)
Consolidated statement of financial position as at 31 march 20X6
Cost of investment NCI for SOFP
ASSETS
Share cons 32000 fair value
Non-current assets loan notes 15000 Latree Co
property plant & equ 110500
Investment in Amery 5700 cost of in 47000 NCI at repo
Goodwill 11000
Net assets of Latree Co
Current assets
Inventory 38100 at acquisitat reportinpost acquisition
trade recievables 24200
Bank 1800 ordinary sh 20000 20000
retained e 25000 27000
TOTAL ASSETS 191300 unwinding Of discoun -80
depreciation on decom -200
EQUITY & LIABILITIES
TOTAL 45000 46720 1720
Ordinary share capita 60000
group retained earnin 37390 Goodwill at acquisition
share premium 22000
NCI 9430 Cost of in 47000
LIABILITIES Fair value 9000

Non-current liabilties Latree Co n -45000

add:
8% loan notes 20000 Goodwill 11000 less :
Decomissioning liabili 4080

Current liabilities 38100

accrued interest 300

TOTAL EQUITY AND LIABILITIES 191300

check 0
NCI for SOFP Consolidated reserves

9000 Dargent Co 36000

430 Latree Co 1290
less :
9430 URP -800
interest on -300
add : A.co profit 1200

post acquisition Consolidat 37390

intra group sales

Inventory u 2100
URP 800

Goods in transit

inventory 700
payable 2300
recievable 3000

carrying value of investment in associates

cost of in 4500
A.co post p 1800
dividends -600

carrying va 5700
Palistar consolidated statement of financial position as at 30 June 20X5 (working area)
share consideration
ASSETS
Investment 24000
Non-current assets share capital 6000
share premium 18000
Property plant & equ 83600
Cell phone gaming rig 10800 Deferred consideration
Financial asset equit 21100
Goodwill 3000 future valudiscount fapresent va

Current assets 19800 0.909091 18000

inventory 32600 Investment 18000

Trade recievables 22400 deferred consideratio 18000
bank 3800
Unwinding of discount
TOTAL ASSETS 177300
consolidat 900
EQUITY AND LIABILITIES deferred consideratio 900

Capital & reserves Cost of in 42000

ordinary share capital 26000

other component of e 4000
consolidated reserves 52425
share premium 18000
NCI 15675

LIABILITIES

Non-current liabilities

deferred consideratio 18900

Current liabiltiies 42300

TOTAL EQUITY AND LIABILITIES 177300

Net assets of S.co NCI

at acquisitat reportinPost acquisition fair value 15000

S.co post a 675
ordinary sh 20000 20000
retained e 18000 24000 NCI for sof 15675
FVA of inv 1000 1900
FVA of cell 12000 10800
Goodwill impairment -3000 Consolidated reserves

TOTAL 51000 53700 2700 P.co retain 50200

S.co post a 2025
Goodwill
add: Increase in 1700
Cost of in 42000 less : URP -600
Fair value 15000 Unwinding -900

less : fv of S.co -51000 Consolidat 52425

Goodwill 6000
impairmen -3000 Intra-group sales

Goodwill a 3000 inventory 800

payables 800

Cash in transit

payable 800
payable 1600
recievable 2400
(a) (working area)
Consolidated goodwill Cost of investment Fair value of Net assets of Cyclip

cost of in 32640 share cons 19200 at acquisit at reporting date

add: fair value 6000 deferred c 13440
ordinary sh 12000 12000
less : fair value -26845 cost of in 32640 retained e 14100 15900
Fva of plan 720 690
Consolidat 11795 Unwinding of discouncapitalised 25

Interest e 1008 TOTAL 26845

(B)
Consolidated statement of profit/loss & other comprehensive income for the year ended 31 march 20X5

Revenue 29300 Intragroup sales

cost of sales -20830
URP 70
Gross profit 8470
Distribution cost -755
Administrative expen -1070
finance cost -1558

profit before tax 5087

Income tax expense -2150

profit for the year 2937

Cyclip profit after tax 1800

Excess depreciation -360
Goodwill impairment -500
interest charged 75
profit after tax of Cycl 1015

Profit attr 2734

NCI 203
total profit 2937

(C)

differences of accounting treatment on consolidated financial statement

in the proportionate method. The goodwill is treated as the Parent Co. owned asset according to
parent Co. holding in subsidiary Company
accounting treatment in proportionate method of calculating goodwill is
to multiply the fair value of net assets of Subsidiary Company at acquisition date with the
parent Co. holding %

and this amount should be directly deduct with the cost of investment

and if the impairment of goodwill occurs, in proportionate method. This will be deducted from
the consolidated reserves. And In profit and loss statement only added in operating expense

whereas in full Goodwill method.

of Net assets of Cyclip

at reporting date
Consolidated statement of financial position of PLASTIK as at 30 sep 20X4 (Working area)
(w1)
ASSETS Cost of investmnet
share consideration
Non current assets
investment 14400
property plant & equ 37100 share capital 4800
Goodwill 5700 share premium 9600

Current assets 11680 Deferred consideration

future valudiscount fapresent value
TOTAL ASSETS 54480
1980 0.909091 1800
EQUITY AND LIABILITIES
Investment 1800
Capital & reserves deferred consideratio 1800
Un-winding of discount
ordinary share capital 14800
consolidated reserves 7645 Consolidat 135
NCI 4900 deferred consideratio 135
share premium 9600
Revaluation surplus 2000 Cost of in 16200
LIABILITIES
38945
Non-current liabilities
10% loan notes 2500
Current liabilities

trade payables 11100

deferred consideratio 1935

TOTAL EQUITY AND LIABILITIES 54480

revenue

consolidated revenue 85100

less: intra-group sale -2700

adjusted revenue 82400

cost of sales
consolidated cost of 63800
add: excess deperciation o 100
urp (p-s) 120
intra group sales -2700
adjusted consolidated 61320
Finance cost
Consolidated finance 200
unwinding of discoun 135

adjusted consolidated 335

 (w2)
Net assets of S.co

at acquisitat reportinpost acquisition

Ordinary sh 9000 9000

retained e 2000 3500
FVA of pro 4000 3900
revaluation surplus 600
present value
TOTAL 15000 17000 2000

(W3) (W4)
Goodwill NCI
Cost of in 16200 fair value 4500
fair value 4500 S.co post 400

Fv of net a -15000 NCI for sof 4900

Goodwill 5700 (w5) intra-group sales

Consolidated reserves
total sales 2700
P.co retain 6300
S.co post 1600 URP 120

less : Unwinding -135 Cash in transit

URP -120
cash 400
consolidat 7645 trade payab 800
trade recievables 1200
 working area
Consolidated Goodwill of Sphere Co (w2)
(w1) 6300 Net assets of Sphere Co
Cost of in (w1) 126000 Cost of investment
fair value of NCI at ac 75000
deferred c 126000
fair value (w2) -196000 ordinary sh
Cost of in 126000 retained e
Goodwill 5000 fair value
Relationsh

TOTAL

(B)
Consolidated statement of profit/loss & other comprehensive income for the year ended 31 march 20X4

revenue 755000 intra-group sales

cost of sales -457800 (P-S)
Total intra 20000
gross profit 297200
distribution cost -50000 unsold inve 4000
administrative expen -48500 cost to pe -3200
investment income 5800
finance cost -11100 URP 800

profit before tax 193400

income tax expense -60500

profit for the year 132900

other comprehensive income

gain/(loss) on revalua -1200

total comprehensive 131700

Sphere Co profit after 40000

adjustments
excess depreciation -1500
amortisation of Good -500

adjusted profits 38000

PROFIT
37000
Profit attributable to 117700
NCI 15200
total consolidated pro 132900
Total Comprehensive income

total comprehensive i 116100

NCI 15600
consolidated total c 131700
Net assets of Sphere Co

at acquisit at reporting date

75000 75000
110000 150000
6000 4500
5000 4500

196000 234000
 Working area
Consolidated statement of financial position of paradigm as at 31 march 20X3
Cost of investment
ASSETS
share cons 12000
Non-current assets loan notes 1500
Property plant & equ 70400 less :
Financial asset : equi 11000 cost of in 13500
Goodwill 8500
Net assets of S.co
Current assets
Inventory 28200 at acquisitat reportinpost acquisition
trade recievables 23800
Bank 2100 ordinary sh 20000 20000
retained e -6000 4000
TOTAL ASSETS 144000 fair value -3000 -2500
fv increase of financia 700
EQUITY AND LIABILITIES TOTAL 11000 22200 11200

Capital & reserves Goodwill NCI

Ordinary share capita 46000 Cost of in 13500 fair value

NCI 8800 fair value 6000 S.co post a
group retained earnin 34000
share premium 6000 S.co net as -11000 NCI
LIABILITIES
Goodwill 8500
Non-current liabilities
10% loan notes 9500

Current liabiltiies
trade payables 30600
bank overdraft 9100

TOTAL EQUITY AND LIABILITIES 144000

 Consolidated reserves

P.co retain 26600

S.co post 8400

URP -600
fall in equ -400

consolidat 34000

post acquisition

6000
2800

8800
 (working area)
Consolidated Goodwill of Greca (w1)
Cost of investment 1080
Cost of in (w1) 53400
fair value of NCI at da 2500 share cons 39000
deferred c 14400
fair value (w2) -47900
Cost of in 53400
Goodwill 8000 (w2)
Net assets of Greca Co at

acquisitionreporting date

Ordinary sh 10000 10000

retained e 36550 41200
fair value 1800 1350
contingent l -450 -450

TOTAL 47900 52100

(B)
Consolidated statement of profit/loss for viagem for the year ended 30 Sep 20X2

revenue 85900 Intra group sales

cost of sales -64250
total intra-group sale 7200
gross profit 21650
distribution cost -2950 inventory not sold by 1500
adminstrative expens -7600 cost to viagem -1200

investment income 800 Unrealised profit 300

finance cost -1500
Associates profit adjustment
profit before tax 10400
income tax expense -4000 profit afte 800

profit for the year 6400

Greca profit after tax 4650

adjustments
excess depreciation -450
Goodwill impairment -2000

adjusted profit 2200

PROFIT DISTRIBUTION
Profit attributable t 6180
NCI 220
consolidated profit 6400
Consolidated statement of financial position for pyramid as at (Working area) Net assets of S.co

ASSETS Cost of investment At acquisit

Non-current assets share cons 24000 ordinary sh 10000

Property plant & equ 69000 Deferred c 6400 retained e 18000
Investments 2800 FVA of plan 3000
Goodwill 7400 Cost of in 30400 deferred tax -1000

Current assets
Inventory 25300 TOTAL 30000
Trade recievables 12500
bank 11200 Goodwill

TOTAL ASSETS 128200 Cost of in 30400

fair value 7000
EQUITY AND LIABILTIIES
less : S.co net as -30000
Capital & reserves
Goodwill 7400
Ordinary share capita 25000
share premium 17600 Consolidated reserves
retained earnings 35780
NCI 8480 P.co retain 30200
S.co post a 5920
LIABILITIES
Non-current liabilitie 21500 less : URP -500
unwinding -640
Current liabiltiies 19840 Increase in 800

TOTAL EQUITY AND LIABILITIES 128200 Consolidat 35780

check 0
at reportinpost acquisition

10000
26000
2400
-1000

37400 7400

NCI

Fair value 7000

S.co post a 1480

NCI 8480

Intra-group sales & goods in transit

(P-S) sales

Inventory 1500
payable 1500

URP 500

cash In transit

Cash 2700
payable 1700
recievable 4400

1500
2700
Consolidated statement of financial position of Paladin Co as at 30 sep 20X1
Cost of investment Net assets Of Saracen Co

ASSETS Cash consi 32000 Ordinary sh

Non-current assets deferred c 5000 retained e
FVA of Plan
Property plant & equ 74000 Cost of in 37000 FVA of cus
Intangible assets 10000
Investment 7700 Carrying value of investment in TOTAL
Goodwill 15000
Cost of in 10000 Goodwill
Current assets 35100 A.co post 200
Impairmen -2500 cost of in
TOTAL ASSETS 141800 fair value
Carrying va 7700
EQUITY AND LIABILITIES S.co net as

Capital & Reserves Goodwill

ordinary share capital 50000

Retained earnings 35200
NCI 7900

LIABILITIES

Non-current liabiltiies

deferred tax 23000

Current liabiltiies 25700

TOTAL EQUITY AND LIABILITIES 141800

CHECK 0
Net assets Of Saracen Co
at acquisit at reportinpost acquisition
10000 10000
12000 18000
4000 3000
3000 2500

29000 33500 4500

NCI

37000 fair value 7000

7000 S.co post a 900

-29000 NCI 7900

15000 Consolidated reserves

P.Co Retain 34900

S.co post 3600

add : A.co post r 200

less: Unwinding -400
URP -600
impairmen -2500

consolidat 35200
Consolidated statement of profit/loss & other comprehensive income for the year ended
31-Mar-01
Intra-group sale of fixed asset
Revenue 530000
cost of sales -278800 Parent to Subsidiary

gross profit 251200 Sales value 5000

Distribution cost -29600 CV -4000
Administrative expens -38500 URP Booked 1000
Finance cost -2100
Excess depreciation
Profit before tax 181000
Income tax expense -61900 depreciatio 1000
Depreciati 800
Profit for the year 119100 excess dep 200

Other comprehensive income Intra-group sale of Inventory

Gain on revaluation of 3500 intra-group 40000

Total comprehensive 122600 Profit % 25%

URP 3000

S.co profit after tax 33000

Excess depreciation On 200
URP on inventory -3000

adjusted profit 30200

Profit attributable to 111550

NCI 7550
consolidated profit 119100

Total comprehensive in 114800

NCI 7800
total comprehensive i 122600

(B)

Consolidated reserve

P.co retain 179900

S.co post a 24750
 URP on fixe -1000

Consolidat 203650

NCI
Fair value 100000
S.co post a 8250

NCI 108250

revaluation surplus 11650

 (working area)
Consolidated statement of financial position of Picant as at 31 March 20X4
Cost of investment
ASSETS
Non-current assets Share cons 28800
Contingent 4200
Property plant & equ 63900
Goodwill 12200 Cost of in 33000
Investments 13200

Current assets
Inventory 20200
Trade recievables 4600 Carrying value of investment in associates

TOTAL ASSETS 114100 Cost of in 12000

A.co post 1200
EQUITY AND LIABILITIES
carrying va 13200
Capital & reserves

Ordinary share capita 25000

Share premium 19800 less :
Consolidated reserves 27500
NCI 8400

LIABILITIES

Non-current liabilities

7% loan notes 16500

Current liabilities

Contingent considera 2700

Other current liabiliti 14200

TOTAL EQUITY AND LIABILITIES 114100

Check 0
 Net assets Of S.co NCI
at acquisit at reportinpost acquisition
Fair value 9000
Ordinary sh 8000 8000 S.co post a -600
retained e 16500 17500
FVA of fact 2000 1900 NCI for SO 8400
irrecoverab -500 0
Goodwill impairment -3800 Consolidated reserves

TOTAL 26000 23600 -2400 P.co retained earnings 27200

vestment in associates S.co Post acquisition -1800

add: fall in contingent con 1500

URP -600
A.co post profits 1200
Goodwill Consolidated reserve 27500

Cost of investment 33000 Goods in transit

fair value of NCI at ac 9000
Inventory 1800
S.co net assets at acq -26000 payable 1600
recievable 3400
Goodwill 16000
Impairment -3800
Goodwill after impai 12200
(a)

Carrying Value of investment in associates

Cost of investment 32000

Ambra Co. post loss* -1000
URP (adjusted amoun -240
Impairment -3000

carrying value of inve 27760

(B)

Consolidated statement of profit/loss & other comprehensive income for the year ended 30 sep 20X8

Revenue 270000 Salva Net assets

cost of sal -163740
Fair value 5000
gross profi 106260 depreciati -500
distributio -14700
administra -27800 cv 4500

Investment 1100 Intra-group sales

Finance co -2300
total sales 15000
Profit befo 62560
income tax -20000 URP 1000

profit for 42560

21000
S.co profit after tax 9500 2000
excess depreciation -500
impairment of goodwi -2000 23000
finance cost
adjusted profit of Sal 7000

Profit attr 41160

NCI 1400
total conso 42560
Consolidated statement of financial position as at 30 Sep 20X0 (Working area)

ASSETS Cost of investment Goodwill

Non-current assets share cons 12000

property plant & equ 38250 cash consi 800
investment 1300
Goodwill 7800 cost of in 12800 less :

Current assets Net assets of Sanford Co

inventory 5400
Recievables 4820 at acquisitat reportinpost acquistion
Bank 3930
ordinary sh 5000 5000
TOTAL ASSETS 61500 retained e 3200 4500
FVA of pro -1200 -1150
EQUITY AND LIABILITIES URP -400
Goodwill impairment -1500
Capital & reserves
TOTAL 7000 6450 -550
ordinary share capital 14400
share premium 9600
retained earnings 11860
NCI 3390
other equity reserve 800
LIABILITIES

Current liabiltiies 21450

TOTAL EQUITY AND LIABILTIES 61500

CHECK 0
 Consolidated reserves

Cost of in 12800 P.co retained earnings 12300

fair value 3500 S.co post acquisition -440

S.co net as -7000 consolidated reserves 11860

Goodwill 9300 Cash in transit

impairmen -1500
post acquistion Cash 130
Goodwill a 7800 payable 350
recievable 480
NCI
fair value o 3500
S.co post a -110

NCI 3390
 (working area)
Consolidated statement of financial position as at 30 Sep 20X3 for polestar
Cost of investment
ASSETS
cash consi 13500
Non-current assets contingent 1800

property plant & equ 63900 Cost of in 15300

Current assets 23200 Net assets Of Southstar Co

at acquisit at reportin
TOTAL ASSETS 87100
Ordinary sh 6000 6000
EQUITY AND LIABILITIES retained e 14300 12000
FVA of pro 2000 1900
Capital & reserves URP -600

ordinary share capital 30000 TOTAL 22300 19300

consolidated reserevs 29950 intra-group sales
NCI 2850
Sale 9000
LIABILITIES cost of raw -4000
additional -1400
Current liabilities 24300
profit 3600
TOTAL EQUITY AND LIABILTIIES 87100 profit % 40%
URP 600

Consolidated statement of profit/loss and other comprehensive income for the year ended 30 sep 20X3

revenue 130000
cost of sal -109300

gross profi 20700

operating -10700
gain on ba 3400
decrease in 300
profit befo 13700
income tax -3000

profit for 10700

S.co loss after tax -2300

excess depreciation -100
URP -600
adjusted loss -3000

profit attr 11450

NCI -750
total conso 10700
Goodwill NCI
Cost of in 15300 fair value 3600
Fair value 3600 S.co post a -750
S.co net as -22300
NCI for sof 2850
Gain on ba -3400

Consolidated reserves

Post acquistion P.co retain 28500

S.co post a -2250

add: fall of con 300

gain on ba 3400

consolidat 29950
-3000
 Working area
Runner Co consolidated statement of financial position as at 31 March 20X5
Cost of investment
ASSETS
cash consi 42500
Non-current assets deferred c 19446
Property plant & equ 509500
investment 12500 cost of in 61946
Goodwill 20446
Current assets unwinding 1556
Inventory 37280 Net assets of Jogger Co
trade receivables 37900
Bank 7300 at acquisit

TOTAL ASSETS 624926 Ordinary sh 25000

retained e 19500
EQUITY AND LIABILITIES fair value 10000
URP
Capital & reserves
TOTAL 54500
Ordinary share capita 202500
group retained earnin 290948 Goodwill
NCI 14476
Cost of in 61946
LIABILITIES fair value 13000
Current liabilities
fv of J.co -54500
trade payables 96000
deferred consideratio 21002 Goodwill 20446

TOTAL EQUITY AND LIABILITIES 624926 Consolidated reserves

(b) P.co retain 286600

S.co post a 5904
Walker Co should be accounted for in the consolidated statement of financial position
as the investment in associates. As investment in walker Co qualifiies the less : Unwinding -1556
significant influence in the walker Co
Consolidat 290948
carrying amount of investment in associates

Cost of investment 13000

Walker Co. loss after -9000

CV of investment in a 4000
s of Jogger Co

at reportinpost acquistion

25000
28600
9000
-720

61880 7380

NCI for SOFP

fair value 13000

S.co post a 1476

NCI for SO 14476

recievables & trade payables

ted reserves bank 3000

payables 3400
recievables 6400
Consolidated statement of profit/loss & other comprehensive income for the year ended
31 dec 20X8
fair value adjustment associates
revenue 829500 FVA of plan 8000
Cost of sales -348100 depreciati -2000 A.co profit 32399

gross profit 481400 CV 6000 35000

distribution cost -70000 15300
administrative expen -113000 inter-group sales
investment income 47350
finance cost -18750 total inter 39000

profit before tax 327000 inventory 9750

income tax expense -62750 cost to pla -7500

profit for the year 264250 URP 2250

share of profit from associates
dividends dividend r 15300
URP interest in 5000

total profit 264250 20300

other comprehensive income

gain on revaluation of 5800

total comprehensive 270050

S.co profit after tax 53250

adjustment
excess depreciation -2000
-5000
adjusted profit 46250

profit attributable to 257313

NCI 6937.5
total consolidated pro 264250

total comprehensive 262663

NCI 7387.5
total 270050
 working area
(a)
Silver Co Goodwill at acquisition Date Cost of in 2376

Cost of investment 100800 share cons 69120

fair value of NCI at ac 5600 Deferred c 31680

Silver Co net assets at -76230 cost of in 100800

Goodwill 30170 Net assets Of silver Co

at acquisit at reporting date

ordinary sh 16000 16000

retained e 58480 65920
FVA of plan 2600 1950
Contingent -850 -850

TOTAL 76230

Consolidated statement of profit/loss and other comprehensive income for Gold Co for the year ended
30-Sep-03
intra group sales
revenue 143560
cost of sales -108610 total sales 5400

gross profit 34950 inventory u 1200

distribution cost -4795 cost to Gol -960
administrative expens -8885
investment income 1200 URP 240

finance cost -3184 investment income from associates

profit before tax 19286 profit of a 1200

income tax expense -6400
Converible loan notes
profit for the year 12886
present value of liability cashflows

future valudiscount fapresent value

Silver Co profit after t 7440 600 3.993 2396
excess depreciation -650 10000 0.681 6810

adjusted profit 6790 present valu 9206

initial con 10000

Profit attr 12207 equity 794

NCI 679
total consol 12886 Un-winding of discount

A.c b/f interest e interest paA.c c./f

9206 736 600 9342

further fin 136

 (working area)
(a) Cost of investment
Consolidated Goodwill
share cons 34560
cost of in 47360 deferred c 12800

less : S.Co fair v 30912 cost of in 47360

Goodwill 16448 Unwinding of discount

Goodwill i -1000 interest e 960
Goodwill a 15448 deferred consideratio 960
(B)
Consolidated statement of profit & loss for the year ended 30 sep 20X8

revenue 71780 intra-group sales

cost of sal -44460
inventory ( 600
gross profi 27320 Cost to Sin 450
distributio -2397.5
administra -5442.5 URP 150

investment 300 associates

finance cos -1364
A.co profit 300
profit befo 18415.76
Income tax -3200 Convertible Loan notes

profit for 15216 present value of Cashflows of liability

future valudiscount fapresent value

S.co profit after tax 3720 300 3.993 1197.9
excess depreciation -450 5000 0.681 3405
URP -150
present valu 4603
Adjusted profit 3120 intial cons 5000

Profit attributable e 14592 equity opt 397

NCI 624 Un-winding of discount
consolidated profiti 15216
A.c B/f interest e interest paA.c c/f

4603 368 300 4671

further fin 68
Net assets
Net assets of S.co At

acquisitionreporting post acquisition

ordinary sh 8000 8000

retained e 29240 32960
FVA of plan 1800 1350
contingent l -400 -400

TOTAL 38640 41910 3270

 shem
Consolidated statement of profit/loss for the year ended 30 se Disposal proceeds 6200

profit from Continued operations Net assets of shem at -7400

Goodwill at disposal -450
revenue 83800
cost of sal -41770 NCI at disposal date 1850

gross profi 42030 Gain/(loss) on disposa 200

operating -19200
finance cos -3000 jaco
fair value 400
profit befo 19830 less : depreciati 80
income tax -5600

profit for 14230

profit from discontinued operation

Profit on d 200
operating p 2400

consolidate 16830

Jaco Co. profit after ta 3600

excess depreciation fo -80
URP -90

adjusted profit 3430

Profit attr 15544

NCI of She 600
NCI of Jaco 686
consolidate 16830
Net assets Of shem Co
at acquisitat disposalPost acquisition

Net assets 3800 7400 3600

Goodwill

Cost of in 3500
less : S.co fair v -2850

Goodwill 650
impairment -200

Goodwill a 450