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Group accounting – Basic groups

2.2 Consolidated statement of financial position standard workings

There are 5 standard consolidation workings when producing a consolidated
statement of financial position.

(W1) Group Structure

P

P’s %

NCI %

Date of acquisition

S

(W2) Net assets of each subsidiary

Group statement of financial position as at reporting date
Acquisition Reporting date
$m $m
Share capital X X
Retained earnings X X
Other components of equity X X
Fair value adjustments (FVA) X X
Post-acquisition depreciation of FVA – (X)
PURP adjustment (if S is seller) – (X)
–––– ––––
X X
–––– ––––
to W3

The difference between reserves at the reporting date and the
acquisition date (i.e. post-acquisition reserves) is split between the
group and the non-controlling interest.

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