2006 Q. 3 - 16 Net current assets 600 110 705 2 Retained...

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Big Plc. Small Plc. Group Notes Notes €m €m €m Profit before tax 600 80 617 1 1. Adjustments to profit before tax €m Taxation 240 30 270 Opening balance 680 Profit after tax 360 50 347 Unrealised profit -4 Minority Interest in Small Plc 9 2 Dividends -16 Equity shareholders in Big Plc 338 Goodwill impairment -43 Transfer to general reserve 60 60 Closing balance 617 Dividends paid 100 20 100 Retained earnings - year 200 30 178 2. Minority shareholders share €m Retained earnings - 1 January 2005 100 10 108 MI share of subsidiary's profit 10 Retained earnings - 31 December 2005 300 40 286 -1 9 9 Less : MI share of unrealised profit
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Big Plc. Small Plc. Group Notes Notes €m €m €m Assets 1. Goodwill €m €m Non-current assets Investment 400 Fixed assets 600 150 750 Less: Goodwill on consolidation 173 1 Shares 160 Investment in Small Plc. 400 0 General reserve
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Unformatted text preview: 16 Net current assets 600 110 705 2 Retained earnings 8 184 Total assets 1,600 260 1,628 216 Goodwill impairment-43 Equity 173 Share Capital 1,000 200 1,000 3 General reserve 300 20 300 3 2. Inter-company transactions m Retained earnings 300 40 277 3 Unrealised profit 5 1,600 260 1,577 Minority interest 51 4 3. Shares and reserves m m Total equity 1,600 260 1,628 Shares - Parent only 1,000 General reserve - parent 300 General reserve - subsidiary 300 Retained earnings - parent 300 Retained earnings - subsidiary 24-4-43 277 4. Minority Interest m Shares 40 General reserve 4 Retained earnings 8 Unrealised profit-1 51 Less: Unrealised profit Less: Goodwill impairment...
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This note was uploaded on 02/25/2012 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.

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2006 Q. 3 - 16 Net current assets 600 110 705 2 Retained...

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