Advanced financial accounting - Lecture 41
Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (235.7 KB, 29 trang )
Advanced Financial Accounting
Lecture41
Question
Balance Sheet
As on 31st December 2008
P (Rs)
S (Rs)
Fixed assets
3,500
1,450
Investment in S
2,180
Current assets
2,700
1,250
Total assets
8,830
2,700
Share capital
5,000
1,000
Reserves
3,380
1,700
Total
8,830
2,700
Question
The parent Co. (P) acquired 800 of the 1,000 Rs. 1
ordinary shares of subsidiary Co. (S) on 1st Jan.
2008 for Rs. 2,500. S Co. balance sheet at 31st
December 2007 showed a dividend payable of Rs.
400 and reserves Rs. 400 and reserves of Rs.
1,200. Goodwill impairment loss Rs. 105.
Required: Prepare consolidated Balance sheet as
on 31 Dec. 2008.
Working1
Holding % = 800/100 x100 = 80%
Minority % = 100% 80% = 20%
Working2
Preacquisition Postacquisition
Share capital
1,000
Reserves
1,200
500
Total
2,200
500
Working3
Group Reserve
All reserves of P Co.
Add Post acquisition of S Co.
Less Impairment loss
3,380
400
3,780
105
3,675
Working4
Minority Interest
Total owner’s equity of Subsidiary Co. x Minority interest
2,700 x 20% = 540
Working5
Goodwill
Cost of investment
Less Dividend preacquisition
Less Preacquisition reserve of
owner’s equity to the extent of holding %
(2,280 x 80%)
Goodwill
Less Goodwill impairment loss
2,500
320
2,180
1,760
420
105
315
Working
Cost of investment
Less Preacquisition dividend (400 x 80%)
2,500
320
2,180
Working
Investment A/c
Opening balance 2,500
2,500
Dividend
320
Balance
2,180
2,500
Solution
Consolidated Balancesheet
As at 31st Dec. 2008
Fixed assets
Goodwill
Current assets
Total assets
Share capital
Reserves
Minority interest
Total liabilities & equities
4,950
315
3,950
9,215
5,000
3,675
540
9,215
Question
Balance Sheet
As on 31st December 2008
P (Rs)
S (Rs)
Fixed assets
5,500
4,500
Investment in S
4,000
Current assets
2,500
1,500
Total assets
12,000
6,000
Share capital
8,000
3,000
Reserves
2,500
2,000
Current liabilities
1,500
1,000
Total liabilities &
Equities
12,000
6,000
Question
The parent Co. (P) acquired 80% shares of the
subsidiary Co. (S) on 1 Jan. 2008 when the
reserves of the company were worth Rs. 1200 on
31st Dec. 2007. Assume that all profits of S accrue
evenly throughout the year.
Required: Prepare consolidated Balance sheet as on
31 Dec. 2008
Working
Profit (Preacquisition) = 800 x 9/12 = 600
Profit (Postacquisition) = 800 x 3/12 = 200
Working1
Holding % = 80%
Minority % = 20%
Working2
Preacquisition
Postacquisition
Share capital
3,000
Reserves
1,200
600
200
Total
4,800
200
Holding (80%)
3,840
160
Minority (20%)
960
40
Profit for the year
Minority interest = 960 + 40 = 1,000
Working2
Minority interest
Total owner’s equity of Subsidiary Co. x Minority interest
5,000 x 20% = 1,000
Working3
Goodwill
Cost of investment
Less Preacquisition equity
Goodwill
4,000
3,840
160
Working34
Group Reserves
All reserves of P Co.
Add Pos acquisition reserves of S Co.
2,500
160
2,660
Solution
Consolidated Balancesheet
As at 31st Dec. 2008
Fixed assets (5,500 + 4,500)
Goodwill
Current assets (2,500 + 1,500)
Total assets
Share capital
Reserves
Minority interest
Total liabilities & equities
10,000
160
4,000
14,160
8,000
2,260
1,000
14,160
Solution
Consolidated Balancesheet
As at 31st Dec. 2008
Fixed assets (5,500 + 4,500)
Goodwill
Current assets (2,500 + 1,500)
Total assets
Share capital
Reserves
Minority interest
Total liabilities & equities
10,000
160
4,000
14,160
8,000
2,260
1,000
14,160
Question
Balance Sheet
As on 31st December 2008
P (Rs)
Fixed assets
S (Rs)
1,000
600
Investment in S
400
Current assets
300
200
Total assets
1,700
800
Share capital
1,200
500
Reserves
400
200
Current liabilities
100
100
1,700
800
Total liabilities & equities
Question
The parent Co. (P) acquired 80% shares of the
subsidiary Co. (S) on 1 Jan. 2000 8when the
reserves of the company were worth Rs. 120.
Required: Prepare consolidated Balance sheet as on
31 Dec. 2008
Working1
Holding % = 80%
Minority % = 20%
Working2
Preacquisition Postacquisition
Share capital
500
Reserves
120
80
Total
620
80
