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Chapter 20

Example 13.2

Consolidated statement of financial position as at 31 December 20X9

$000
Non-current assets (5,425 + 3,500 + 350 – 70 (W2)) 9,205

Goodwill (W3) 2,012
Current assets (2,188 + 1,313) 3,501

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14,718

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Equity
Share capital 7,000

Retained earnings (W5) 3,828
Non-controlling interests (W4) 1,265

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12,093

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Current liabilities (1,750 + 875) 2,625

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14,718

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(W1) Group Structure

P owns 70% NCI = 30%, Acquisition date 1 Jan 20X8 – 2 years ago.

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