Page 486 - SBR Integrated Workbook STUDENT S18-J19
P. 486
Chapter 25
Example 1 – continued
(W1) Group structure
Half
80%
Marathon
(W2) Net assets of Marathon
Acquisition Rep. date
DNm DNm
Share capital 40 40
Retained earnings 140 200
–––– ––––
180 240
–––– ––––
The total reserves movement is DN60 million (DN240m – DN180m),
which all relates to retained earnings. Note that this is equal to the profit
of Marathon for the year.
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