Page 459 - SBR Integrated Workbook STUDENT S18-J19

Answers

Example 1 – continued

(W5) Reserves

Retained earnings

$m
Piaf 13.0
Group share of Sinatra’s post-aqn
60% × $4.4m (W2) 2.6

Goodwill impairment
60% × $3m (W3) (1.8)

Group share of Armstrong’s post-aqn (W6) 0.4
PURP (W7) (0.2)

——
14.0

——

Other components of equity
$m

Piaf 9.0
Group share of Sinatra’s post-aqn
60% × $4m (W2) 2.4

——
11.4

——

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