Question-4H Ltd acquired 80% of S Ltd several years ago for Rs. 30 million. The balance on S Ltd's retained earnings was Rs.5,000,000 at the date of acquisition. H Ltd's policy is to measure non-controlling interest at the date of acquisition asa proportionate share of net assets.The draft statements of financial position of the two companies at 31 December 20X1 are:H (Rs. 000)45,00030,00028,000103,000Non-current assets:Property, plant and equipmentInvestment in SCurrent assetsTotal assetsEquityShare capitalRetained earningsNon-current liabilitiesCurrent liabilitiesTotal equity and liabilities5,00076,00081,0002,00020,000103,000Required:Prepare a consolidated statement of financial position as at 31 December 20X1.S (Rs. 000)15,00012,00027,0001,00010,00011,0006,00010,00027,000

Name: Question-4H Ltd acquired 80% of S Ltd several years ago for Rs. 30 mi
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Description: Question-4H Ltd acquired 80% of S Ltd several years ago for Rs. 30 million. The balance on S Ltd's retained earnings was Rs.5,000,000 at the date of acquisition. H Ltd's policy is to measure non-controlling interest at the date of acquisition asa pr

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Question-4 H Ltd acquired 80% of S Ltd several years ago for Rs. 30 million. The balance on S Ltd's retained earnings was Rs. 5,000,000 at the date of acquisition. H Ltd's policy is to measure non-controlling interest at the date of acquisition as a proportionate share of net assets. The draft statements of financial position of the two companies at 31 December 20X1 are: H (Rs. 000) Non-current assets: Property, plant and equipment Investment in S Current assets Total assets Equity Share capital Retained earnings Non-current liabilities. Current liabilities Total equity and liabilities 45,000 30,000 28,000 103,000 5,000 76,000 81,000 2,000 20,000 103,000 Required: Prepare a consolidated statement of financial position as at 31 December 20X1. S (Rs. 000) 15,000 12,000 27,000 1,000 10,000 11,000 6,000 10,000 27,000

Question-4 H Ltd acquired 80% of S Ltd several years ago for Rs. 30 million. The balance on S Ltd's retained earnings was Rs. 5,000,000 at the date of acquisition. H Ltd's policy is to measure non-controlling interest at the date of acquisition as a proportionate share of net assets. The draft statements of financial position of the two companies at 31 December 20X1 are: H (Rs. 000) Non-current assets: Property, plant and equipment Investment in S Current assets Total assets Equity Share capital Retained earnings Non-current liabilities. Current liabilities Total equity and liabilities 45,000 30,000 28,000 103,000 5,000 76,000 81,000 2,000 20,000 103,000 Required: Prepare a consolidated statement of financial position as at 31 December 20X1. S (Rs. 000) 15,000 12,000 27,000 1,000 10,000 11,000 6,000 10,000 27,000

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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