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Q15.1 H in S No of shares bought in S No of shares issued in S % control Pre-acquisition profits Fair Fair valu value e of NCI NCI =
RM42 RM420, 0,00 000 0
S in W No of shares bought in W No of shares issued in W % control Pre-acquisition profits Fair Fair valu value e of NCI NCI = a)
1,200,000 1,500,000 1200000 / 1500000 = 80% RM300,000 Date 1/1/x5
750,000 1,000,000 750 / 1000 = RM200,000
75% Date
Effective interest of H in W 80% x 75% = Hence, NCI =
1/1/x6
RM54 RM540, 0,00 000 0
Good Goodwi will ll is reco recogn gnis ised ed for for par paren entt onl only y This means using the old method
W1
H in S Consideration transferred NCI - share of net assets Fair value of identifiable net assets Sh S hare capital FV adjustment Pre acquisition profits
Impairment of goodwill Total goodwill = Less: impairment of goodwill
H in W
1800
1500 300 1800 x 80%
1440 360 -85 275
800 80% x 1000
1000 100 200 1300 x 60%
780 20
295
Page 1 of 4
60% 40%
W2
NCI Net assets per question Add: fair value adjustment Less: investments in W
Value Total NCI W3
S 2000
W 1500 100
-1000 1000 x 20% 200
1600 x40% 640 840
Retained earnings Per question Pre-acq Post acq Goodwill impaired Share of post acq S: 80% x 200 W: 60% x 300
H 1000
NCI 10% debentures
W 500 -200 300
-85 160 180 1255
Harry Consolidated Statement of Financial Position as at 31/12/X7 Non current assets 1480 + 1525 + 1600 + 100 Goodwill Current assets 120 + 75 + 100
Share capital Group retained earnings
S 500 -300 200
4705 295 295 5295 2000 1255 3255 840 4095 300
Page 2 of 4
Trade and other payables
b) W1
400 + 300 + 200
900 5295
Full goodwill is recognised H in S NCI 80% 1800
Consideration transferred FV of NCI
1500
300 1800 x80%/20%
100 x 80%/20%
1440 360 -80 280
360 60 -20 40
Total goodwill = W2
1000 100 200 1300 x 60%
360
Value Add: goodwill b4 impairment Impairment of goodwill Total NCI
S 2000
W 1500 100
-1000 1000 x 20% 200 60 -20 240
80% x 1000 540
NCI Net assets per question Add: fair value adjustment Less: investments in W
NCI
800 420
Fair value of identifiable net assets Share capital FV adjustment Pre acquisition profits
Impairment
H in W 20%
1600 x40% 640 20 660 900
Page 3 of 4
780 20
520 20
W3
Retained earnings H 1000
Per question Pre-acq Post acq Goodwill impaired Share of post acq S: 80% x 200 W: 60% x 300
W 500 -200 300
-80 160 180 1260
Harry Consolidated Statement of Financial Position as at 31/12/X7 Non current assets 1480 + 1525 + 1600 + 100 Goodwill Current assets 120 + 75 + 100
Share capital Group retained earnings NCI 10% debentures Trade and other payables
