Page 318 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 21

Example 1 cont.

Solution

Pepper Group statement of financial position 31 March 20X7

$000
Non-current assets

Property, plant and equipment (23,000 + 13,000) 36,000
Goodwill (W3) 8,000

———
44,000

Current assets (8,500 + 3,200) 11,700
———

55,700
———

Equity
Share capital $1 ordinary shares 30,000

Retained earnings (W5) 14,180
———

44,180
Non-controlling interest (W4) 2,120
———

46,300

Current liabilities (7,400 + 2,000) 9,400
———
55,700

———

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