Consolidated Statement of Changes in Equity and Consolidated Statement of Cash Flows

Question 1

CSOCIE Prof-forma

Answer 1

Two columns: Parent  |  NCI
Equity B/F
Total Comp Income [from CSPL for P & NCI]
less: Dividends
= Equity C/F

Equity B/F 
Parent Equity b/f (similar to CSFP w5):
 100% of P's equity b/f
 P's % of S's Post-acq res up to b/f date.
 less: Impairment b/f
= Equity B/F

NCI Equity b/f (similar to CSFP w4):
NCI @ Acq
NCI’s % of S’s movement in post-acq res up to b/f date.
= NCI Equity b/f

Dividend:

• P = all of parents dividend paid
• NCI = NCI’s % of S’s dividend paid. [paid to non-group investors]

Question 2

CSOCIE Equity B/F formulas

Answer 2

Parents equity b/f formula:
P’s equity B/F [ on the face on individual SFP]
P’s % of Post-Acq Res up to B/F
= Parents Equity B/F

NCI’s Equity at Acq
NCI’s % of Post-Acq Res up to B/F date
= NCI Equity B/F

Post Acq Res:
S’s Equity B/F
less: (Net Asset @ Acq+ P’s Equity @ Acq)
= Post Acquisition Reserves at B/F

Question 3

CSOCIE Total Comprehensive Income formulas

Answer 3

Parents Total Comprehensive Income:
 P's Comp Income
less: P's % of S's Div
S's Comp Income
less: NCI % of S's Comp Income
= Parent Total Comp Income

NCI Total Comp Income
S’s Comp Income
less: NCI % of S’s Comp Income
= NCI Total Comp Income.

Question 4

Consolidated Statement of Cash Flows: Dividends received and paid

Answer 4

Calculate dividends paid to Parents:
P's Retained earnings B/F [on CSFP]
P's share of Profit [on bottom of CSPL]
less: (dividend paid to parent shareholders) [balancing figure]
= P's retained earnings C/F [on CSFP]

Calculate dividends paid to NCI:
NCI B/F [on CFSP]
NCI share of TCI [on bottom of CSPL]
less (dividend paid to NCI shareholders) [balancing figure]
= NCI C/F [on CFSP]

Calculate dividends received from Associates:
Investment in Associate B/F
P's share of profit of Associate
P's share of OCI of Associate
less: Investment in Associate C/F
= Dividend received from Associate