Page 558 - F2 Integrated Workbook STUDENT 2019
P. 558
F2: Advanced Financial Reporting
14.4 A
VD has sold the shares of EB in a control to control disposal. EB is still a
subsidiary for the entire period.
The transaction is recorded as if VD has received cash to increase NCI. Any
differences go to equity as transfers between owners.
Dr Equity 335,000 β
Dr Cash 365,000
Cr NCI 700,000 (W1)
W1) Movement in NCI from 10% - 30% = 20% movement.
NCI% movement × (Sub’s goodwill + Sub’s net assets at disposal) = 20% ×
(1,000 + 2,500) = $700,000.
CHAPTER 15 – CONSOLIDATED STATEMENT OF CHANGES IN
EQUITY
15.1 D
The amount attributable to parents shareholders = 100% of Parents total
comprehensive income + 100% of S’s total comprehensive income – NCI share
of S’s total comprehensive income. As the acquisition of Snoopy occurred 6
months into the year, only the total comprehensive income earned by Snoopy
since acquisition is consolidated.
= 310 + (220 × 6/12) – (30% × (220 × 6/12)
= 387
Non-controlling interest share of total comprehensive income = 30% × (220 ×
6/12) = 33
Workings are given in $000s.
550
