Page 326 - F1 Integrated Workbook STUDENT 2018

Chaptter 19

Exxampple 2

Staatements oof financiaal positionn at 31 Maarch 20X1

P P S
$0000 $000
Non-current assets
Prooperty, plannt and equipment 1,6550 750
Inveestment inn S 1,1000 −
Currrent assetts 2550 650
–––––– ––––
3,0000 1,400
–––––– ––––
Equuity
Shaare capital 1,5000 500
Rettained earnnings 9000 400
Currrent liabilitties 6000 500
–––––– –––
3,0000 1,400
–––––– ––––

P aacquires 800% of S onn 31 Marchh 20X1. NCCI should be valued uusing
prooportion of net assetss method.

Reqquired:

Preepare a coonsolidated statemeent of financial posiition (CSFFP) at
31 March 20XX1.

316