Page 476 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

F2: Advanced Financial Reporting

CHAPTER 16 – CONSOLIDATED STATEMENT OF CHANGES IN
EQUITY

16.1 Pooch acquired 70% of Snoopy on 1st July 20X4. For the year ended
31st December 20X4, the total comprehensive income for Pooch and Snoopy
respectively was $310,000 and $220,000.

What figures should be reported within the consolidated statement of
changes in equity for the total comprehensive income attributable to the
parent shareholder’s and the NCI’s? Options are given in $000s.

Attributable to parent shareholders Attributable to NCI’s

A 530 159

B 464 63

C 410 33

D 387 33

16.2 Day currently owns 80% of the ordinary share capital of Bubba. Day purchased
a further 15% of the shares of Bubba on 31st May 20X6 for $510,000. At this
date, the non-controlling interest in Bubba had a fair value of $726,000.
Attributable to
parent
shareholders ($) NCI ($)
Equity b/f 3,652,000 890,263
Total comprehensive income 1,896,000 158,000
Dividends paid (42,000) (15,000)

Adjustment to equity on acquisition Blank
Adjustment to NCI on acquisition Blank
–––––– ––––––

Equity c/f X X
–––––– ––––––

Complete the missing figures in respect of the new acquisition of shares
within the consolidated statement of changes in equity, using the figures
provided below (all figures are shown in $):

(34,500) 34,500 (36,300) 36,300 (108,900) 108,900 (544,500) 544,500

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