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FINANCIAL ACCOUNTING III Group retained profits £ £ P & L at acquisition 4,800 H. Ltd. 30,000 Minority interest 4,600 S. Ltd. 23,000 Balance c/d 43,600 53,000 53,000 Group capital reserves £ £ C.O.C capital reserves at acquisition 4,000 H. Ltd. 12,000 M I ‘s share of P&L in S 1,000 S. Ltd. 5,000 Balance c/d 12,000 _____ 17,000 17,000 Remember that the holding company has bought 20,000shares out of the 25,000 shares that the
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