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Chapter 24

Example 1 cont.

(W4) Non-controlling interest

$000
Value at acquisition (W3) 2,000

Post-acquisition (W2) 10% × 1,200 120
Impairment (W3) 10% × 200 (20)

———
2,100
———

(W5) Retained earnings

$000

Pepper 100% 13,100
Sauce (W2) 90% × 1,200 1,080

Impairment (W3) 90% × 200 (180)
———

14,000
———

338