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Consolidated statement of financial position

Example 1 cont.

Workings

(W1) Structure

(W2) Net assets ($000)

Acquisition Reporting Post-
date acquisition

Share capital 10,000 10,000
Retained earnings 3,000 4,200 1,200
——— ——— ———

13,000 14,200 1,200

——— ——— ———
(W3) (W4)/(W5)
(W3) Goodwill

$000

Cost of investment 19,000
Fair value of NCI 2,000

Net assets (W2) (13,000)
———

Goodwill at acquisition 8,000
Impairment (200)
———

Goodwill per SFP 7,800

201