353411751.

xls

Statements of financial position as at 1 April 20X0

Maker Ltd Shaker Ltd
$000 $000
Issued capital 20,000 8,000
Revaluation surplus 5,600 2,400
Retained earnings 12,500 4,600
Payable to Maker Ltd - 2,800
Trade and other payables 8,500 -
46,600 17,800

Property, plant and equipment 20,300 9,040

Inventories 9,050 5,800
Receivable from Shaker Ltd 2,800 -
Other current assets 1,950 2,960
Investment in Shaker Ltd 12,500 -
46,600 17,800

SFP
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SFP
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Acquisition analysis for Maker Ltd's investment in Shaker Ltd

$000 $000
Consideration transferred:
Purchase consideration 12,500

Identifiable assets and liabilities assumed

at date of acquisition represented by:
Issued capital 8,000
Revaluation surplus 2,400
Retained earnings 4,600
Identifiable assets and liabilities assumed at fair value 15,000
Interest acquired 75% (11,250)
Proportionate interest in goodwill 1,250

Acq
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Acq
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Consolidation worksheet - 1 April 20X0

Maker Shaker Eliminations Consolidated
Ltd Ltd and adjustments
$000 $000 $000 Ref $000 $000
Issued capital 20,000 8,000 6,000 a 22,000

Revaluation surplus 5,600 2,400 1,800 a 6,200

Retained earnings 12,500 4,600 3,450 a 13,650

-
Payable to Maker Ltd - 2,800 2,800 b -
Trade and other payables 8,500 - 8,500
46,600 17,800 50,350

Property, plant and equipment 20,300 9,040 29,340

Inventories 9,050 5,800 14,850
Receivable from Shaker Ltd 2,800 - b 2,800 -
Other current assets 1,950 2,960 4,910
Investment in Shaker Ltd 12,500 - a 12,500 -
Goodwill - - 1,250 a 1,250
46,600 17,800 15,300 15,300 50,350

CWorksheet
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Consolidated

CWorksheet
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Consolidation journal entries 1.4.20X0

(a) Elimination of investment in Shaker Ltd against 75% of pre-acquisition equities.

$000 $000
Dr. Issued capital 6,000
Dr. Revaluation surplus 1,800
Dr. Retained earnings 3,450
Dr. Goodwill 1,250
Cr. Investment in Shaker Ltd 12,500

(b) Elimination of inter-company payable and receivable.

$000 $000
Dr. Payable to Maker Ltd 2,800
Cr. Receivable from Shaker Ltd 2,300

CJournal
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NCI memorandum account

Minor Ltd NCI
$000 $000
(a) Issued capital 8,000
Direct NCI 25% 2,000

(b) Revaluation surplus 2,400

Direct NCI 25% 600

(c) Retained earnings 4,600

Direct NCI 25% 1,150

Total shareholders' equity of Minor Ltd 15,000

Total NCI 25% 3,750

NCI-Memo
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PI Consolidated
$000 $000

20,000 22,000

5,600 6,200

12,500 13,650

38,100 41,850

NCI-Memo
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Maker Ltd group

Consolidated statement of financial position as at 1 April 20X0
Consolidated
$000
Assets
Current assets
Inventories 14,850
Other current assets 4,910
Total current assets 19,760

Non current assets

Property, plant and equipment 29,340
Goodwill 1,250
Total non current assets 30,590
Total assets 50,350

Liabilities
Current liabilities
Trade and other payables 8,500
Total current liabilities 8,500
Total liabilities 8,500
Net assets 41,850

Equity
Issued capital 20,000
Revaluation surplus 5,600
Retained earnings 12,500
Total equity attributable to equity holders of Maker Ltd 38,100
Non-controlling interest 3,750
Total equity 41,850

Cons_Stat