Page 365 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Associates

Solution

Tom consolidated statement of financial position as at 31 December 20X0

$000 $000
Non-current assets
Goodwill (W3) 217.0
Property, plant & equipment (959 + 980) 1,939.0
Investment in associate (W6) 313.6
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2,469.6

Current assets
Inventory (380 + 640) 1,020.0
Receivables (190 + 310) 500.0
Cash and cash equivalents(35 + 58) 93.0
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1,613.0
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4,082.6
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Equity
Share capital 1,120.0
Retained earnings (W5) 1,815.1
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2,935.1
Non-controlling interest (W4) 360.5

Current liabilities
Trade payables (150 + 480) 630.0
Taxation (91 + 66) 157.0
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787.0
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4,082.6
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