B407F Week 11 (student)

B407F Week 11 (student) - Consolidated Statement of Cash...

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Consolidated Statement of Cash Flows
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- Goodwill arising on consolidation - Non-controlling interest - Share of profit or loss of associates - Acquisition and disposal of subsidiaries Only deals with flows of cash and cash equivalents external to the group. Group Statement of Cash Flows
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Profit before tax x Adjustment for: Depreciation/amortization x Loss (gain) on disposal of non-current assets Impairment on Goodwill x x Interest expense x Dividend income (x) x Decrease (Increase) in inventory x Decrease (Increase) in accounts receivable x Increase (Decrease) in accounts payable x Cash generated from operations x Interest paid – finance lease (x) Tax paid (x) Net cash flows from operating activities x
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- non-controlling interest: The actual flows of cash and cash equivalents for a group in respect of NCI is the amount of dividends paid to them. Dividend paid by the subsidiaries to any NCI should be reported under the heading ‘financing activities’. - increase due to its share of the subsidiary’s profit or gain for the year, - decrease due to share of subsidiary’s loss for the year and dividend payment.
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NCI $000 $000 Dividend/loss Bal b/d Bal c/d Share of profit for the yr
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Non-controlling Interest Consolidated Income Statement for the year ended 31 December 20x2 $000 Profits for the year 2,000 Attributable to: Equity shareholders of the parent 1,920 NCI 80 2,000
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Non-controlling Interest Consolidated Statement of financial position as at 31 December 20x1 20x2 Equity $000 $000 Non-controlling Interest 490 550
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$000 $000 Bal b/d 490 Bal c/d 550 Share of profit for the yr 80 570 570
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B407F Week 11 (student) - Consolidated Statement of Cash...

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