14. Consolidated Statement of changes in equity

Question 1

Define equity

Answer 1

Residual interest in assets of the entity after deducting all of its liabilities

Question 2

What is the structure for SOE

Answer 2

Equity attributatble to the owners of the parent
Share capital of P
Share premium of P
Consolidated Retained Earnings
Non controlling Interest

Question 3

What is the proforma to work out balance at year end

Answer 3

Balance at start of year
+ Share iddue
+ Total comp income for year
- Less dividends
= Balance at year end

Question 4

In the saatement of changes in equity how are dividends delt with

Answer 4

Only dividends paid outside the group - to the share holders from the parent

NCI share of the subsidiary’s dividend

Question 5

What is the calculation for equity attrivutable to the owners of the parent at the start of the year

Answer 5

Equity at start of year
Less provision for unrealised profit
Less Fair value adjustment

X Group share
Less imapirment fo good will up to start of the year
= Equity attrivutable to the owners of the parent

Question 6

What is the NCI figure proforma

Answer 6

NCI at acquisition(% of net assets or FV)
NCI share of Post acuquisition reserves
Less NCI Share of impairment (if measured at FV )

Question 7

How do you calculate Total Comp income

Answer 7

Consolidate Total COmp income
Less provision for unrealised profit
Less fair value adjustment movements in year
Less dividends from S
Less impairment of goodwill