Page 331 - F3 -FA Integrated Workbook STUDENT 2018-19

Consolidated financial statements I

Example 2e cont.

Complete solution

Hide Group statement of financial position as at 31 December 20X5

$
Non-current assets

Goodwill (W3) 139,000
Property, plant and equipment (290,000 + 185,000 + 32,000 507,000
(W2))
———
646,000

Current assets
Inventories (87,000 + 40,000 – 2,500 (W5))) 124,500
Trade and other receivables (92,000 + 79,000 – 2,000 (IC)) 169,000

Cash and cash equivalents (18,000 + 32,000) 50,000
———
989,500

———
Equity and Liabilities

Share capital $1 ordinary shares (H only) 100,000
Share premium (H only) 20,000
Retained earnings (W5) 434,500
Non-controlling interest (W4) 58,000

———
612,500

Non-current liabilities – Loans (180,000 + 67,000) 247,000
Current liabilities – Trade payables (82,000 + 50,000 – 2,000 130,000
(IC))
———
989,500

———

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