Page 413 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Answers

Example 12.2

Tony Group Consolidated statement of financial position at 31 March 20X4

$000
Non-current assets (6,300 + 4,320) 10,620
Goodwill (W3) 1,800
Current assets (1,800 + 1,080) 2,880
––––––
15,300
––––––

Equity
Share capital 7,200
Retained earnings (W5) 4,374
Non-controlling interest (W4) 1,206
––––––
12,780

Non-current liabilities (360 + 270) 630
Current liabilities (1,170 + 720) 1,890
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Total equity and liabilities 15,300
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(W1) Group Structure

Tony = P = 80%, NCI = 20%, acquisition date = 1 April 20X2

405