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F2: Advanced Financial Reporting
CHAPTER 17 – CONSOLIDATED STATEMENT OF CASH FLOW
17.1 The RX group reports NCI’s of $3.5 million and $4.1 million in the consolidated
statement of financial position as at 31 October 20X7 and 20X8 respectively.
The consolidated statement of comprehensive income for the year ended
31 October 20X8 reports comprehensive income attributable to the NCI
shareholders of $0.85 million.
During the year, RX acquired an 80% shareholding in SY. SY’s net assets had
a fair value of $1.25 million at the date of acquisition. It is RX’s policy to value
NCIs at acquisition using the proportion of net assets method.
What amount will be reported in the consolidated statement of cash flows
for dividend paid to non-controlling interests?
A $170,000
B $250,000
C $500,000
D $600,000
17.2 The consolidated statement of financial position of the DF group reports an
investment in associate of $1.6 million at 30 June 20X5 and $1.15 million at
30 June 20X4. During the year ended 30 June 20X5, income from the
associate reported within consolidated profit was $400,000 and OCI from the
associate reported within consolidated OCI was $75,000.
What amount will be reported in the consolidated statement of cash flows
in respect of dividends received from associates?
A $25,000
B $50,000
C $450,000
D $925,000
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