Page 221 - FR Integrated Workbook 2018-19

Consolidated statement of financial position

Mechanics of consolidation:

The standard workings

1.1 Consolidated statement of financial position standard workings

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

(W1) Group Structure

P P’s %

Date of acquisition

S

(W2) Net assets of subsidiary

Reporting Post-
Acquisition
date acquisition
$m $m $m
Share capital X X
Retained earnings X X X
Other components of equity X X X
Fair value adjustments (FVA) X X X
Post-acquisition depreciation of FVA – (X) (X)
PUP adjustment (if S is seller) – (X) (X)
–––– –––– ––––
X X X
–––– –––– ––––
to W3 to W4/W5

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