Page 483 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Answers

Chaapter 119

Exxampple 1

Staatements oof financiaal positionn at 31 Deccember 200X0

P S
$000 $000
Nonn-current aassets
Prooperty, plannt and equipment 1,000 600
Inveestment in S 900 −
Currrent assetts 200 200
––––– ––––
2,100 800
––––– ––––
Equuity
Shaare capital 1,000 500
Rettained earnnings 800 200
Currrent liabilitties 300 100
––––– ––––
2,100 800
––––– ––––
P aacquires 1000% of S oon 31 Deceember 20XX0.

Reqquired:
Preepare a coonsolidated statemeent of financial position (CSF FP) at
31 December 20X0.

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