Consolidated SFP - Workings Flashcards
How do we work out net assets of subsidiary?
Where does at acq go to?
Post acq?
At acq At Report Post acq
Share Capital
Retained Earnings
PPE (fv adj)
CL (fv adj)
Diff in dpn
W3
W4/5
How do we work out Goodwill?
How do we measure NCI at fv? At proportion of net assets?
Cost of Investment
+ NCI at acquisition
- 100% subs NA at acq
Goodwill at acq
- impairment
Carrying Value Goodwill
100%
NCI% x NA of sub
How do we work out non controlling interest?
Non controlling interest at acquisition (% x NA sub)
+ NCI % of post acq RE
- impairment
Carrying value in CSFP
How do we work out retained earnings?
If it’s proportion of assets? If it’s FV?
How do you measure PURP?
100% Parents Retained Earnings
- PURP
-Impairment
Carrying Value
100%, P%
If it’s P-S 100%, if S-P P%
How do we work out consolidated property, plant and equipment?
100% parent
100% sub
+ FV adj on any PPE
How do we work out investment in associates?
Cost of investment
+ our share post acq reserves
-impairment of investment in associates goodwill
Carrying value
How do we work out inventories?
100% Parent Inventory
100% Subsidiary
-PURP
Carrying Value
How do we work out trade and other payables?
100% Parent Receivables
100% Subsidiary Receivables
-Intercompany receivables
Carrying value
Consolidated Cash and Cash Equivalents
100% parents
100% sub
+ cash in transit
Carrying value
How do we work out consolidated trade payables?
100% parent
100% sub
- Inter company receivables
Carrying value
How do we work out mark up?
How do we work out margin?
Unsold inventory x markup/100+markup
Unsold inventory x Margin
Impairment measurement - if measure nci at fv split impairment between group RE and NCI
If measured at prop net asset all impairment goes to group re
Impairment of goodwill is full amount of impairment if prop net assets
If acquire mid year x nci post acq by number of months
