Scribd Logo
Upload

Welcome to Scribd!

  • 3 views

    Lecture 4 Exercises ANSWERS Straw&Berry

    Uploaded by

    Ziyodullo Isroilov
    Straw Group has consolidated total assets of £396,000 as of 31 December 2021. Its non-current assets include goodwill of £11,000 and property, plant and equipment of £305,000. Current assets are £80,000. Equity includes ordinary share capital of £100,000 and retained earnings of £181,400. Non-controlling interests account for £41,600 of equity. Current liabilities total £73,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Lecture 4 Exercises ANSWERS Straw&Berry

    Uploaded by

    Ziyodullo Isroilov
    3 views2 pages
    Straw Group has consolidated total assets of £396,000 as of 31 December 2021. Its non-current assets include goodwill of £11,000 and property, plant and equipment of £305,000. Current assets are £80,000. Equity includes ordinary share capital of £100,000 and retained earnings of £181,400. Non-controlling interests account for £41,600 of equity. Current liabilities total £73,000.

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Straw Group has consolidated total assets of £396,000 as of 31 December 2021. Its non-current assets include goodwill of £11,000 and property, plant and equipment of £305,000. Current assets are £80,000. Equity includes ordinary share capital of £100,000 and retained earnings of £181,400. Non-controlling interests account for £41,600 of equity. Current liabilities total £73,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    3 views2 pages

    Lecture 4 Exercises ANSWERS Straw&Berry

    Uploaded by

    Ziyodullo Isroilov
    Straw Group has consolidated total assets of £396,000 as of 31 December 2021. Its non-current assets include goodwill of £11,000 and property, plant and equipment of £305,000. Current assets are £80,000. Equity includes ordinary share capital of £100,000 and retained earnings of £181,400. Non-controlling interests account for £41,600 of equity. Current liabilities total £73,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 2

    Straw Group

    Consolidated statement of financial position as at 31 December 2021


    £'000 £'000
    Non-current assets
    Goodwill (W3) 11
    Property, plant and equipment (120+177+20-12) 305
    Investments (134-134) -
    316
    Currrent Assets
    Inventory (10+5-1) 14
    Receivables (30+25-6 inter group) 49
    Bank (10+5+2 cit) 17 80
    396
    Equity and liabilities
    Ordinary share of £1 each 100
    Retained earnings (W4) 181.4
    281.4
    Non-controlling interest (W5) 41.6
    Current Liabilities (60+17-4 inter group) 73
    396

    Workings (all figures in £'000)


    (W1) Group structure
    P

    (60,000/75,000) 80 % acquired 3 years ago

    (W2) Net assets of Berry @:


    reporting acquisition post-
    date acquisition
    OSC 75 75
    Retained earnings 120 60 60
    195 135
    Increase in fair value 20 20
    Excess deprn (20/5yrs)x3yrs (12) (12)
    203 155 48

    (W3) Goodwill
    Cost of investment in Berry 134
    Fair value of NCI 32
    166
    Less 100% of Net assets of Berry @ acquisition (W2) (155)
    Balance to consolidated statement of financial position 11

    (W4) Consolidated Retained Earnings


    Straw's balance 144
    Berry's post acq profit: 80%x48 (W2) 38.4
    Unrealised profit 25/125 x 5 (1)
    Balance to consolidated statement of financial position 181.4

    (W5) Non-controlling interest in Berry


    NCI @ acquisition 32
    NCI share of post-acquisition reserve: 20% x 48 (W2) 9.6
    Balance to consolidated statement of financial position 41.6

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy