Page 327 - F3 -FA Integrated Workbook STUDENT 2018-19

Consolidated financial statements I

Example 2c

Continuation of Hide and Seek example:

Required:

Calculate the balance at the reporting date for non-controlling interest
(W4)

Solution

(W4) Non-controlling interest at reporting date
$

Fair value of NCI at acquisition (1) (from W3)
NCI % × post-acquisition reserves (W2) (2)

–––––

NCI at the reporting date (To SOFP)
–––––

Key issues

(1)
Ref = information included in the notes to the question and used in (W3).
(2)
Ref = identified from the movement in the subsidiary’s net assets between
the date of acquisition and the reporting date.

321