Consolidated Statement Of Changes In Equity

Question 1

What is the purpose of this statement?

Answer 1

Reconciles changes in equity in SFP at beginning and end of year

Question 2

What does the dividends line show?
Which are eliminated on consolisation?
How do we work out NCI dividends?

Answer 2

Dividends paid outside entity - P dividend and NCI share of subs dividend
S-P
Work out parents share of subs
Sub div x P%
Take this away from subs dividends = NCI share

Question 3

Why do we not account for paying dividends and raising equity?

Answer 3

Because they are not expenses or losses so do not show in statement of p/l

Question 4

How do we work out impairment in goodwill?
How do we work out movement in goodwill?
Put into formula to work out goodwill

Answer 4

(Goodwill losses - any in current year) x P%
At acq - at report = post acq x P%

BF equity in P
P% post acq profits
-Impairment