FAR little bits

Question 1

NCI at FV: Impairment

Answer 1

Full amount in Gw working
NCI working NCI % times by impairment losses
RE working just parents %

Question 2

NCI at % proportionate method

Answer 2

Full amount in GW working

Full amount in RE working

Question 3

PURP Parent sells to Sub

Answer 3

Goes in RE working on SOFP / COS of Parent column in SPL

Also group inv on SOFP

Question 4

PURP sub sells to parent

Answer 4

Goes in NA working or COS in Sub column SPL

Also group inv on SOFP

Question 5

PURP with associate: Parent sells to assoc / JV

Answer 5

RE of P / COS of P on SPL
Also remove purp amount from investment in associate on SOFP
Group percentage only!!

Question 6

PURP with associate: Associate sells to parent

Answer 6

RE of parent again or Share of profit in associate for SPL questions
and group Inv on sofp
group % only

Question 7

NCA transfer

Answer 7

Profit on disposal
depreciation IF TRANSFER NOT MADE
LESS depn NOW the transfer has been made

Question 8

RE working

Answer 8

Parent ye per q
Sub’s RE (parents percentage of post aqn reserves)
Associate (parents percentage of post aqn reseres)
impairments of Sub parent % (when at FV)
Impairments of sub full amount when % method
Impairments of a
Purp where P seller
PURP with A whoever seller is
Gain on bargain purchase
unwinding of discount

Question 9

Group p&l on disposal

Answer 9

Proceeds 
Less CA of g/w at disposal 
calculated as consideration + NCI at aqn - NA at aqn - impairments to date 
Less CA of NA at disposal 
re at disposal (need calc)
sc (shares owned/0.8 eg)
Plus NCI at disposal