Consolidation

436 PERD CO
page 174
STATEMENT OF PROFIT AND LOSS STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 20X8 FOR THE YEAR ENDED 31 MARCH 20X8

Revenue 83500 TOTAL ASSETS NCA + CA

Cos 46340 total asset 407850
Gross profi 37160 goodwill 3200
less operating 28270 impairment -700
pbit 8890 urp -600
add investment 2200 revaluation 4800
less finance cos 5292.82 less intra balan 7000
PBT 5797.18
less tax 3040 407550
PAT 2757.18
parent sha 2639.18
nci w0 118
revaluation 4800
total comp 7557.18
parent sha 7299.18
nci w0 258

Adjustments W0 NCI
1- PAT 3690
unwinding of interest 452.82 depreciatio -100
profit on d -2700
2- take 300 the current year impairment to nci w0 and spl impairmen -300
and total balance of 700 to sofp 590
3- nci share 118
dr asset 3000 total comp 1290
cr gain 3000 nci share 258

dr dep 200 100

cr asset 200 100

profit on disposal on historic cost group profit

cost 11000 14000
dep 1100 1400
carrying value 9900 12600
profit on disposal 5100 2400 2700 amount to be charged to operating exp
and nci w0
4- intra group sales
unrealized profit 1800 600
 5- revaluation gain
4800

6- remove dividend from investment income

433 GOLD CO
page 170
Part B
CONSOLIDATED STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 30 SEPT 20X2

parent sub 9/12 total W0 NCI

Revenue 103360 45600 -5400 143560 pat 7440
Cos 81920 31200 -4510 108610 dep -650
Gross Profit 34950
distributio 2560 2235 4795 6790
admin 6080 2805 8885 nci share 679
investment 800 -800 0
associate pat 1200
finance cos 672 2376.024 136.464 3184.488
PBT 19285.51
income tax 4480 1920 6400
PAT 12885.51
PARENT SHARE 12206.51
NCI SHARE 679

Part A GOODWILL: W1 consideration paid working 8640

Consideration paid 100800.3 share issuedr cash 69120 w1
Nci at fair value 5600 cr share capital 8640
less subsidiary net asset at acquisition cr share premium 60480
share capital 16000
retained earning 58480
pre acq gain 2600 retained earning at acq
contingent liability -850 post pat 7440
total sub net assets 76230 pre acq pat 2480
goodwill 30170.32 pre-stated retained 58480 w1
post acq 65920
difference 7440 w2b

adj 2
dr asset 2600
cr gain 2600 w1

dr dep 650 cos

cr asset 650
adjustments for spl
4-
intra group sales
dr sales 5400
cr cos 5400
unrealized profit
dr profit 240
cr inventor 240

5-
800 associate dividend minus from investment income
1200 associate pat minus before pbit

6- convertible loan notes

10000
10000 6% 600 y1
600
600
600 y1
interest 600 y5 3.993 2395.8 9205.8
principal 10000 0.681 6810 effective r 736.464
nominal ra 600
liability 9205.8 9342.264
136.464
equity 794.2

432 PLANK CO
STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 31 DEC 20X8
parent sub 9/12
Revenue 705000 163500 -39000 829500 Part B
Cos 320000 60750 -32650 348100 INVESTMENT IN ASSOCIATE
Gross profit 481400 carrying amount of investment
Distribution cost 58000 12000 70000 pat share
Admin expenses 92000 21000 113000 less urp
investment income 46000 1500 32550 14950 less dividend
associate pat 32399.5
finance cost 12000 6750 18750
PBT 326999.5
tax expense 51500 11250 62750
PAT 264249.5
PARENT SHARE 257312
NCI SHARE 6937.5
OCI
gain on revaluation 2800 3000 5800
TOCI 270049.5
PARENT SHARE 262662
NCI SHARE 7387.5
 ADJUSTMENTS NCI W0
1 dr asset 8000 share of pat and oci
cr gain 8000 PAT TOCI
interest ad 53250
dr dep 2000 cos dep -2000
cr asset 2000 gain
interest po -5000
2 intra group sales
dr sales 39000 46250
cr cos 39000 6937.5 450
subsidary --->
urp
dr profit 9750 2250
cr inventory 2250

associate ---> dr sales 26000

cr cos 26000

urp
dr profit 2100
cr inventory 2100

3 dr interest income 5000 post acq interest from parent to sub so must be removed fro
cr interest liab 5000

4 subsidiary dividend 15300 remove from investment income

associate dividend 12250

431 RUNNER CO
PAGE 167
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR 31 MARCH 20X4

Non current assets Non current liabilities

property plant equipm 509500 equity 202500
goodwill 20446 consolidat 290948.3
investment 12500 nci 14476
507924.32

Current assets Current liabilities

inventory 37280 Trade payables 96000
receivable 37900 deffered consideratio 21001.68
bank 7300
82480
624926

W1 GOODWILL adjustments
Consideration paid 42500 2 dr asset 10000
deffered consideratio 19446 cr gain 10000
Nci at fair value 13000
dr dep 1000
less sub net assets at acq cr asset 1000
share capital 25000
retained earnings 19500 3 dr profit 720
fair value gain 10000 cr inventor 720

GOODWILL 20446 4 dr payable 3400

dr cash 3000
W2A PARENT CONSOLIDATED RETAINED cr receivab 6400

retained earning 286600

deffered consideratio -1555.68
w2b parent 5904
290948.3

W2B SUBSIDIARY CONSOLIDATED RETAINED

Retained earning post 9100

profit -720
depreciation -1000

7380
Parent Nci
5904 1476

NCI W3
Nci fv 13000
sub consol 1476

14476

430 PARTY CO
page 166 CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 30 SEPT 20X5

Non Current assets Non current liability

plant prope 476000 share capital
investment 0 consolidated retained earning
Goodwill 32396 revaluation surplus
nci

Current assets deffered consideration

Current assets 139160 Current Liability

647556

W1 GOODWILL Adjustments
Consideration paid 1
initial cash 92000 dr investment in sub
deffered consideratio 23996 cr deffered liab
Nci at fair value 15000
unwinding of interest
Less sub net assets at acq dr interest exp
share capital 60000 cr deffered liab
retained earning 34000
revaluation surplus 4000 2 dr inventory
gain 600 cr gain
98600
dr profit
GOODWILL 32396 cr inventory

3 dr profit
W2A CONSOLIDATED RETAINED EARNING cr inventory
retained oci
parent ret 210000 41400
urp -250
deffered in -1919.68
w2b 1568
209398.3 41400

W2B SUB POST ACQ

retained oci
2500 0
unrealized -540

1960

w2a 392
1568 nci

W3 NCI
fair value 15000
w2b 392
 15392

437 DOBRY
Page 176 CONSOLIDATED STATEMENT OF FINANCIAL POSIT
FOR THE YEAR ENDED 31 DEC 20X6

NCA NON CURRENT LIABILITY

property plant and e 508000 share capital
consolidated retained
goodwill 141000 revaluation
649000 nci

CURRENT ASSETS CURRENT LIABILITY

current liability
current assets 756500 deffered liab
1405500

W1 GOODWILL FOR KROL GOODWILL FOR HENZ

Consideration paid 180000 Consideration paid
cash paid 100000
deffered consideratio 80000
Nci at fair value 39000 Nci at fair value 35000

less sub net assets at acq less sub net assets at acq
share capital 100000 share capital 100000
revaluation 15000 gain acq 24000
retained earning 30000 retained earning 16000

goodwill 74000 net assets 140000

impairment loss 8000
GOODWILL 66000 GOODWILL 75000

W2A CONSOLIDATED RETAINED EARNING

retained eaoci
retained 238000
-7200
38800 12000
7500
-6400
270700 12000

W2B SUBSIDIARY POST ACQ

KROL CO HENZ CO
retained earning revaluation
50000 15000 16000
urp -1500
dep -6000

48500 10000
parent sha 38800 12000 7500
nci 9700 3000 2500

W3 NCI
nci at fv 74000
krol 9700
henz 2500
impairment -1600
revaluation 3000
87600

CHANG CO
434 CONSOLIDATED STATEMENT OF PROFIT AND LOSS
PAGE 172
CHANG CO SING CO
Revenue 51680 22800 -2700
Cos 30960 15600 -2100
Gp
distribution 1280 1117.5
admin expense 3040 1402.5 1000
investment income 0
PAT FROM ASSO
finance 336 1028.242
PBT
tax 2240 960
PAT
NCI
PARENT

W1 GOODWILL ADJUSTMENTS
consideration paid working
Consideration paid 47360.13 dr investment in sub
cr cash
nci at fv 7728
dr investment in sub
less sub net asset at acq cr deffered consideration
share capital
retained earning 29240 dr interest exp
gain 1800 cr deffered liability
contingent liab -400
share capital 8000 1-
38640 retained earning
 pat 1240
AT ACQ GOODWILL 16448.13 given 28000
acq retain 29240
impairment 1000 post acq 32960

POST ACQ GOODWILL 15448.13 2-

dr asset
cr gain
NCI W0
pat 3720 dr dep
dep -450 cr asset
urp -150
4
3120 dr profit
nci pat sha 624 cr urp

dr sales
cr cos

5 remove all investment since

associate pat

6 convertible loan

5000

y5

DARGENT CO
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MAR 20X6

NCA EQUITY AND LIABILITY

property plant 110500 equity shares
investment 5700 consolidated retained
goodwill 11000 nci
share premium
NCL
CURRENT ASSETS loan notes
inventory 38100 dr interest exp
trade receivables 24200 provision
 bank 1800 current liab
191300

W1 GOODWILL ADJUSTMENTS
Consideration paid 47000 dr investm 32000
cr share ca 10000
NCI 9000 cr share p 22000
dr investm 15000
less subsidiary net asset at acq cr deffered 15000
share capital 26000
retained earning 19000 unwinding
fair value 4000 dr interest 300
provision -4000 cr deffered 300
45000
1
11000 dr mine asse
cr provision
w2a
retained 36000 dr dep
unwinding -300 cr mine
urp -800
1290 dr interest exp
associate p 1800 cr provision
associate d -600
37390 3
w2b
retained earning 2000
dep -200
provison -80

1720
1290 430
4
W3 NCI associate pat
9000
w2b 430
9430
associate dividend

LAUREL
CONSOLIDATED STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 30 SEPT 20X6
 Parent sub total
Revenue 84500 39000 -10800 112700
Cos 58200 25500 -8800 74900
Gross profit 37800
Distribution cost 2000 1200 3200
Administrative expenses 4100 2100 6200
Investment income 0 300 300
Finance cost 300 810.0648 1110
associate pat 600
PBT 28190
tax 4800 2700 7500
PAT 20690
parent share 18370
nci 2320

ADJUSTMENTS
1 dr plant
W1 GOODWILL AT ACQ cr gain
consideration paid 51301.08
dr dep
nci value at fair value 12000 cr asset

less sub net assets at acq dr inventory

share capital 15000 cr gain
retained earning 27600
inventory 200 3 dr sales
plant 4000 cr cos

46800 dr urp
cr inventory
16501.08
4 dividend

W0 NCI associate dividend

pat 7800
dep -1500 associate pat
urp -300
inventory -200
5800
2320

PAGE PANDAR
420 CONSOLIDATED STATEMENT OF PROFIT OR LOSS
parent sub total
 Revenue 210000 75000 -15000 270000
Cos 126000 50000 -13260 162740
Gross profit 107260
Distribution 11200 3500 14700
administrative expenses 18300 4500 5000 27800
Investment income 9500 -8400 1100
finance costs 1800 500 2300
associate loss -1000
PBT 62560
tax -15000 -5000 -20000
PAT 42560
Parent share 41160
NCI 1400
ADJUSTMENT
1 dr asset
cr gain

dr dep
cr asset

2 intra group interest

3 dividend

4 dr sales
cr cos

dr urp
cr inventory

dr profit cre w2a

cr investment income

5 impairment

sub
associate

associate pat

PART A
Carrying amount of investment
 cost 32000 consideration paid 32000
share of po -1000
less urp if -240
less impai 3000
27760

421 PRODIGAL
PAGE 152 CONSOLIDATED STATEMENT OF PROFIT AND LOSS

PARENT SUB TOTAL

Revenue 450000 120000 -40000 530000
Cos 260000 55000 -36200 278800
Gross profit 251200
Distribution 23600 6000 29600
administrative expenses 27000 11500 38500
Investment income -
finance costs 1500 600 2100

PBT 181000
tax 48000 13900 61900
PAT 119100
Parent share 111550
NCI 7550

ADJUSTMENT
W2A CONSOLIDATED RETAINED EARNING 1 dr asset
retained oci cr gain
179900 10900
urp -1000 2
w2a 22650 750

201550 11650 dr urp

cr plant

W2B retained earning oci dr plant

33000 1000 acq retaine 125000 cr rev dep
pat 33000
rev dep 200 acq retaine 158000 3 dr sale
urp -3000 post 191000 cr cos
30200 difference 33000
25
nci w2a dr urp
7550 22650 750 cr inventory
250 nci

NCI W3 NCI WO oci

 pat 33000
100000 rev dep 200
w2b 7550 -3000
250 30200
107800 pat 7550 31200
toci 7800

EQUITY PART

consolidated retained 201550

revaluation surplus 11650
nci 107800

321000

PALADIN
422 CONSOLIDATED STATEMENT OF FINANCIAL POSTION
PAGE 153 FOR THE YEAR ENDED 30 SEPT 20X1

NCA EQUITY LIAB

plant property 74000 equity shares 50000
intangible 10000 consolidated RE 35200
investment sub 0 nci 7900
investment associate 7700
goodwill 15000
106700
CA NCL
deffered tax 23000
current assets 35100
141800
CL
current liab 25700

W1 ADJUSTMENTS
GOODWILL dr investment consideration
consideration paid 32000 cr cash
deffered consideratio 5000
NCI at fair value 7000 dr investment consideration
cr deffered consideration
less sub net assets at acq
equity share 10000 dr interest exp
retained earning 12000 cr deffered consideration
gain 4000
ammortization 3000 dr investment in aia
29000 cr cash
GOODWILL 15000 associate pat
dr investment in associate
w2a cre cr cre w2a
retained earning 34900
associate pat 200 2 dr asset 4000
urp -600 cr gain 4000
associate impairment -2500
w2b 3600 dr dep 1000
deffered interest -400 cr asset 1000
35200
W2B dr ammortization
retained earning 6000 cr intangible
dep -1000 3 dr urp 600
-500 cr inventor 600

4500 4 associate
nci 900 dr impairment
parent 3600 cr invest in associate

W3 NCI
fair value 7000
w2b 900
7900
 PAT

be charged to operating expenses

deffered consideration
dr investm 31680.32 w1
cr deffered 31680.32

unwinding of interest
dr interest exp 2376.024 w2a
cr deffered liab 2376.024
 sofp
additonal charge to spl

INVESTMENT IN ASSOCIATE
mount of investment 145000
32399.5
2100
12250
163049.5
sub so must be removed from sub finance cost before time apportion
 117001.7
624926

w1

w2b

w2b

L POSITION

190000
ed retained earning 209398.3
 41400
15392

onsideration 25915.68
165450

647556

dr investment in sub 23996

cr deffered liab 23996

unwinding of interest
dr interest exp 1919.68 w2a
cr deffered liab 1919.68

600
600 w1

540 w2b
540

250 w2a
250
 EMENT OF FINANCIAL POSITION
D 31 DEC 20X6

ENT LIABILITY
500000
270700
12000
87600
870300

448000
87200
1405500

ADJUSTMENT
2
dr asset 24000
cr gain 24000 w1

dr dep 6000 w2b henz

cr asset 6000

4 dr urp 3000 1500 w2b krol

cr inventory 1500

dr payable 18000
cr receivab 18000
EMENT OF PROFIT AND LOSS

TOTAL
71780
44460
27320
2397.5
5442.5
0
300
1364.242
18415.76
3200
15215.76
624
14591.76

on paid working
34560
34560

12800.13
consideration 12800.13

960.0096
960.0096
 1800
1800 w1

450
450 post

150
150 post

2700
2700

remove all investment since associate dividend

associate pat 300

convertible loan
50000
300

300 3.993 1197.9 4602.9

5000 0.681 3405 effective ra 368.232 spl
nominal 300
4602.9 4671.132

equity 45397.1 68.232

EQUITY AND LIABILITY

equity shares 60000
consolidated retained 37390
9430
share premium 22000

20000
dr interest exp 300
4080
current liab 38100
191300

ADJUSTMENTS

w2a

4000 w1
4000

200 w2b
200

dr interest exp 80
cr provision 80

dr urp 800
cr inventor 800

dr pay 2300
dr inv 700
cr rec 3000

associate pat
dr invest in associate 1800
cr cre w2a 1800

associate dividend
dr cash 600 w2a
cr invest in associate 600

PROFIT AND LOSS

 50

ADJUSTMENTS considerations
4000 dr cash 37800 dr inv 13501.08
4000 w1 cr share ca 5400 cr deffered13501.08
cr share p 32400
1500 w2b dr interest 810.0648
1500 cr deffere 810.0648

dr inventory 200 add to goodwill

200 eliminate from w2b

10800
10800

300 w2b
300

500 subsidiary less from investment income of parent

associate dividend 50 since this owned for many years no entry for this

associate pat 600

OF PROFIT OR LOSS
ADJUSTMENT W0
5000 nci 10500
5000 w1 dr dep -500
urp -1000
500 cos w0 sub -2000
500 7000
1400
intra group interest
dr interest income 2000
cr interest expense 2000

6400 investment income

15000
15000

1000
1000

dr profit cre w2a 240 associate

cr investment income 240
600
impairment

2000
3000

associate pat
-1000
F PROFIT AND LOSS

oci
rev gain 2500 1000 3500
TOCI 122600
parent share 114800
nci 7800

1000 revaluation surplus

1000 on land

1000 profit on disposal of plant w2a

1000

200
200 w2b

40000
40000

profit
3000 w2b
3000
 FINANCIAL POSTION
D 30 SEPT 20X1

141800

acquired 80

32000
32000

5000
5000

400 w2a
400

10000
10000
 200
200

w1

w2b

500 w2b dr intangib 3000 w1

500 cr gain 3000
w2a

2500 w2a
2500