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P. 310
Chapter 19
3.2 Proforma
The easiest way to set up your proforma is to use the single company financial
statements given in the question for the parent and subsidiary and copy them line by
line, remembering to include your additional consolidation lines for goodwill and non-
controlling interest.
ASSETS
$ $
Non-Current Assets
Goodwill (W3) – new line! X
Property, plant and equipment
(P + S – PURP on sale) X
X
––– X
Current Assets
Inventories (P + S – PURP + goods in transit) X
Trade receivables (P + S – intra-group balances) X
Cash and cash equivalents (P + S + cash in transit) X
––– X
–––
Total assets X
–––
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