Page 485 - F2 Integrated Workbook STUDENT 2019

Answers

Chapter 17

Example 17.1

Consolidated statement of financial position at 31 December 20X8

$
Goodwill (W3) 2,200
Non-current assets (48,000 + 10,000) 58,000
Current assets (28,640 + 6,000) 34,640
––––––
94,840
––––––
Equity
Share capital 40,000
Reserves (W5) 23,776
––––––
63,776
Non-controlling interests (W4) 2,664
––––––
66,440
Current liabilities (24,000 + 4,400) 28,400
––––––
94,840
––––––
Workings

(W1) Group structure

P = 80%, NCI = 20%, acquisition date = 1 January 20X7

S = Foreign subsidiary with functional currency of €

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