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Consolidated statement of changes in equity

Example 16.1

Cobain owned 80% of the equity share capital of Grohl at 31 March 20X1.
Cobain purchased a further 10% of Grohl's equity shares on 30 September
20X1 for $240,000.

The Cobain group has started to prepare its consolidated statement of changes
in equity for the year ended 31 March 20X2 but is unsure of how to deal with the
purchase of the additional shares.

The comprehensive income attributable to the non-controlling interest (NCI) is
$108,000 for the first six months and $65,000 for the second six months of the
year.

The draft group statement of changes in equity, excluding the new purchase of
shares, is shown below:

Consolidated statement of changes in equity for the year ended 31 March
20X2

Attributable to: Parent NCI
$000 $000
Equity b/f 2,000 360
Comprehensive income 1,000 173
Dividends paid on 1 Jan 20X2 (80) (20)
Adjustment for additional purchase of Grohl shares

Calculate the amounts to be included in respect of the additional
purchase in the consolidated statement of changes in equity for the
Cobain group for the year ended 31 March 20X2:

(i) In the equity attributable to parent shareholders column

(ii) In the equity attributable to non-controlling interests column.

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