Unit 11 - Grp Rep - Consol Fin Stat

Unit 11 Grp Rep Consol Fin Stat

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Unformatted text preview: retained profits H Ltd $’000 9,000 2,100 3,000 S Ltd $’000 2,800 0 1,800 Dr Cr 2.100 300 100 1,300 0 ______ 15,400 _______ 4,600 (1,200) 0 14,200 (400) (900) 3,300 10,000 3,200 2,000 900 (300) (100) 225 900 110 Group $’000 11,800 0 4,800 300 100 0 0 115 17,072 900 (1,600) 0 15,515 2,000 10,000 400 500 88 3,832 720 Proposed final dividends Non-controlling Interests 1,000 14,200 400 3,300 400 22 4, 935 1,000 525 180 4,935 683 15,515 33 Consolidated Statement of Financial Position Example 2 at 31 December 20X2 $000 Solution Non-current assets Goodwill Current assets Goods in transit Cash in transit Current liabilities Creditors Share capital Consolidated retained profits Proposed final dividends Non-controlling interests $000 11,800 115 4,800 300 100 17,115 1,600 15,515 10,000 3,832 1,000 14,832 683 15,515 34 (f) Elimination of Intra-group Dividends from Pre-acquisition Profits • According to HKAS 27 (revised), investor should recognise income from the investment only to the extent that the investor receives distributions (i.e. dividends) from retained ea...
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This document was uploaded on 04/03/2014.

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