Page 498 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Chaptter 25

Noww we can taake the figures for gooodwill, NCCI and grouup retainedd earnings
ontoo the CSFPP to complete the reqquirement.

Connsolidatedd statemennt of finanncial posittion as at 331 Decemmber 20X0
$000
Nonn-current aassets
Gooodwill (W3)) 716
Property, plannt and equipment (3,3330 + 550)) 3,880
Currrent assetss (1,030 + 660) 1,690
––––
6,286
––––
Equuity
Shaare capital 2,500
Retaained earnnings (W5) 3,064
Nonn-controllinng interest (W4) 222
Currrent liabilitties (400 + 100) 500
––––
6,286
––––

Exxampple 4

Usinng the infoormation froom example 3, now aassume immpairment oof $120,0000 at
the year end.
Reqquired:

(a) Prepare (W3) to (WW5) usingg the propoortion of nnet assetss method.
(b) Prepare (W3) to (WW5) usingg the fair vvalue methhod assumming NCI wwas
valued aat fair valuue of $2200,000 at accquisition.

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