Page 347 - SBR Integrated Workbook STUDENT S18-J19

Group statement of cash flows

Example 5 – continued

Total comprehensive income attributable to:

Equity holders of the parent 96
Non-controlling interests 11
–––––

Total comprehensive income for the period 107
–––––

The following information is relevant to the Americano group:

(i) Property, plant and equipment with a carrying amount of $40 million was
disposed of for cash proceeds of $25 million. Depreciation for the year
ended 30 April 20X5 was $105 million.

(ii) During the year, Americano disposed of equity investments that were
designated to be measured at fair value through other comprehensive
income for cash proceeds of $11 million. These investments had a
carrying amount at the date of the sale of $6 million. A reserve transfer
was made in respect of the previously recognised gains on these equity
investments of $2 million.

Dividends received from equity investments during the year were $10
million. No dividends were received from associate companies.

(iii) On 31 December 20X4, the Americano group held a 30% interest in
Cappuccino. This investment was accounted for as an associate
company and was carried at $8 million. On 31 December 20X4, the
Americano group purchased a further 50% of the shares of Cappuccino,
and therefore obtained control, for cash consideration of $16 million. At
this date, the fair value of the original 30% holding was $12 million.

Americano measured the non-controlling interest in Cappuccino at its fair
value of $6 million at the acquisition date.

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