Page 401 - FR Integrated Workbook 2018-19

Answers

Example 1 cont.

Total comprehensive income is attributable to:
Owners of parent (balancing figure) 135,150
Non-controlling interest (W4) 13,750
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148,900
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(W1) PUP
12 / 40 × (40,000 – 30,000) 3,000
or $12,000 × 25% –––––––

(W2) Fair value depreciation
1
$20,000 × / 5 4,000
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(W3) Investment income
$4,000 × 75% 3,000
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(W4) NCI
Sheena profit for the year 66,000
PUP (W1) (3,000)
Fair value depreciation (W2) (4,000)
Impairment (5,000)
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Adjusted profit for the year 54,000
Sheena other comprehensive income 1,000
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Adjusted total comprehensive income (TCI) 55,000
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NCI share of profit: $54,000 × 25% 13,500

NCI share of TCI: $55,000 × 25% 13,750

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