Page 485 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Answers

This is a 100% subsidiary and therefore there is no NCI. However, NCI is
included below at a value of nil to show you it's position within the CSFP.

Consolidated statement of financial position as at 31 December 20X0
$000
Non-current assets
Goodwill (W3)
Property, plant and equipment (1,000 + 600) 1,600
Current assets (200 + 200) 400
––––
––––
Equity
Share capital 1,000
Retained earnings (W5)
Non-controlling interest (W4) 0
Current liabilities (300 + 100) 400
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––––
Then we can continue with the standard workings (W2) to (W5) to complete
the remainder within the CSFP.

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