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Đề và đáp án bài KT tự luận - Consolidated FS1

The document provides financial statements for companies A and B for the year ended 31 May 20X6, detailing their sales revenue, costs, and profits. It includes calculations for goodwill on acquisition, unrealized profit from intercompany sales, and a consolidated statement of profit or loss. Key figures include A's acquisition of B for $3,500,000, resulting in goodwill of $300, and a total profit for the year of $336, attributed to both the owners of the parent and non-controlling interest.

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23 views3 pages

Đề và đáp án bài KT tự luận - Consolidated FS1

The document provides financial statements for companies A and B for the year ended 31 May 20X6, detailing their sales revenue, costs, and profits. It includes calculations for goodwill on acquisition, unrealized profit from intercompany sales, and a consolidated statement of profit or loss. Key figures include A's acquisition of B for $3,500,000, resulting in goodwill of $300, and a total profit for the year of $336, attributed to both the owners of the parent and non-controlling interest.

Uploaded by

hovugiahuy2
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The summarised statements of profit or loss of two companies, A and B, for the year ended 31

May 20X6 are provided below. A acquired 3,000,000 ordinary shares in B for $3,500,000 on 1
June 20X4. At that time, the retained earnings of B were $200,000 and the fair value of the non
controlling interest in B was $1,000,000.
STATEMENTS OF PROFIT OR LOSS FOR THE YEAR ENDED 31 MAY 20X6
A B
$'000 $'000
Sales revenue 6,200 2,400
Cost of sales (3,700) (1,450)
Gross profit 2,500 950
Distribution costs (1,100) (490)
Administrative expenses (700) (320)
Profit from operations 700 140
Dividends received from Everpool 150
Profit before tax 850 140
Tax (400) (80)
Profit for the year 450 60
The following information is also available.
(a) B's total share capital consists of 4,000,000 ordinary shares of $1 each.

(b) During the year ended 31 May 20X6 B sold goods to A for $200,000
on credit. B has a margin of 20%.
At 31 May 20X6, 60% of these goods remained in A's inventory.
Task 1
Complete the following to determine goodwill on acquisition of B
$'000
Fair value of consideration transferred x
Fair value of non-controlling interest x
Total x
Less: Fair value of net assets acquired:
Share capital x
Retained earnings x
Total x
Goodwill x
Task 2 (Task 2 có thể tự giải thích, không cần dùng
bảng)
Calculate the unrealised profit on B's sales to A $'000
Sales
COS
Gross profit
Unrealise profit (60% in inventory)
Task 3
Complete the consolidated statement of profit or loss
Sales revenue x
Cost of sales x
Gross profit x
Distribution costs x
Administrative expenses x
Profit before tax x
Income tax expense x
Profit for the year x
Profit attributable to:
Owners of the parent x
Non-controlling interest x
Total x

Đáp án

Task 1
Complete the following to determine goodwill on acquisition of B
$'000

Fair value of consideration transferred 3,500

Fair value of non-controlling interest 1,000

Total 4,500
Less: Fair value of net assets acquired:

Share capital 4,000

Retained earnings 200

Total 4,200

Goodwill 300
Task 2
Calculate the unrealised profit on B's sales to A $'000

Sales 100% 200


COS 80%

Gross profit 20% 40

Unrealise profit (60% in inventory) 24


Task 3
Complete the consolidated statement of profit or loss

Sales revenue 8,400

Cost of sales (4,974)

Gross profit 3,426

Distribution costs (1,590)

Administrative expenses (1,020)

Profit before tax 816

Income tax expense (480)

Profit for the year 336


Profit attributable to:

Owners of the parent 327

Non-controlling interest 9

Total 336

Phần chia của NCI:

B's profit after tax: 60

Unrealised profit (24)

36 (NCI tính 25%)

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