Tag (SQ): Non-controlling Interest

Search 500 + past questions and counting.

FR – L2 – Q97 – Business Combinations

Prepare Peak Plc's consolidated statement of financial position as at 31 March 20X4, incorporating acquisitions of Flare Plc and Crest Ltd, with adjustments for intra-group transactions and fair value.

Question

Peak Plc acquired the following non-current investments on 1 April 20X3:
(1) 4 million of Flare Plc’s 5 million equity shares, by means of an exchange of one share in Peak for every one share in Flare Plc, plus GH¢6.05 million in cash for each Flare Plc share acquired. The professional fees associated with the acquisition amounted to GH¢1 million. The market price of shares in Peak Plc at the date of the acquisition was GH¢9 per share. The market price of Flare Plc shares just before the acquisition was GH¢7. The cash part of the consideration is deferred and will not be paid until two years after the acquisition.
(2) 25% of Crest Ltd’s 6 million equity shares, at a cost of GH¢6 per share. The money to make this payment was obtained by issuing one million new shares in Peak Plc at GH¢9 per share.

None of these transactions has yet been recorded in the summary statements of financial position that are shown below.

The summarised draft statements of financial position of the three companies at 31 March 20X4 are as follows:

Statement of financial position	Peak Plc	Flare Plc	Crest Ltd
	GH¢ million	GH¢ million	GH¢ million
Assets
Non-current assets
Property, plant and equipment	60.0	31.0	16.0
Other equity investments	0.8	nil	nil
	60.8	31.0	16.0
Current assets	18.2	8.0	9.0
Total assets	79.0	39.0	25.0
Equity and liabilities
Equity shares	18.0	9.0	10.0
Retained earnings: at 1 April 20X3	36.0	16.0	8.0
– for year ended 31 March 20X4	8.0	3.0	2.0
	62.0	28.0	20.0
Non-current liabilities
6% loan notes	10.0	–	–
7% loan notes	–	6.0	3.0
Current liabilities	7.0	5.0	2.0
Total equity and liabilities	79.0	39.0	25.0

The following information is relevant:
(1) Peak Plc has chosen to value the non-controlling interest in Flare Plc using the fair value method permitted by IFRS 3 (revised). The fair value of the non-controlling interests at the acquisition date is estimated to be the market value of the shares before the acquisition.
(2) At the date of acquisition of Flare Plc, the fair values of its assets were equal to their carrying amounts.
(3) The cost of capital of Peak Plc is 10% per year.
(4) During the year ended 31 March 20X4, Flare Plc sold goods to Peak Plc for GH¢3.6 million, at a mark-up of 50% on cost. Peak Plc had 75% of the goods in its inventory at 31 March 20X4.
(5) There were no intra-group receivables and payables at 31 March 20X4.
(6) On 1 April 20X3, Peak Plc sold a group of machines to Flare Plc at their agreed fair value of GH¢3 million. At the time of the sale, the carrying amount of the machines was GH¢2 million. The estimated remaining useful life of the plant at the date of the sale was four years. Plant and machinery is depreciated to a residual value of nil using straight-line depreciation and at 1 April 20X3 the machines had an estimated remaining life of five years.
(7) “Other equity investments” are included in the summary statement of financial position of Peak Plc at their fair value on 1 April 20X3. Their fair value at 31 March 20X4 is GH¢0.65 million.
(8) Impairment tests were carried out on 31 March 20X4. These show that there is no impairment of the value of the investment in Crest Ltd or in the consolidated goodwill.
(9) No dividends were paid during the year by any of the three companies.

Required
Prepare the consolidated statement of financial position for Peak Plc as at 31 March 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Associates, Business Combinations, Consolidated Financial Statements, Deferred Consideration, Equity Accounting, Fair Value, Goodwill, Impairment, Intra-group Transactions, Non-controlling Interest

Topic: Business Combinations (IFRS 3)

FR – L2 – Q93 – Consolidated Financial Statements

Prepare Apex Ltd's consolidated statement of financial position as at 31 December 20X4, incorporating subsidiary and associate investments.

Question

APEX LTD
The draft statements of financial position as at 31 December 20X4 of three companies are set out below.

	Apex Ltd GHS’000	Nexus Ltd GHS’000	Zephyr Ltd GHS’000
Assets
Non-current assets
Property, plant and equipment	400	100	160
Investments:
– shares in Nexus Ltd (60%)	75
– shares in Zephyr Ltd (30%)	30
Current assets	445	160	80
Total assets	950	260	240
Equity and liabilities
Share capital	100	30	60
Retained earnings	650	180	100
Non-current loans	200	50	80
Total equity and liabilities	950	260	240

The reserves of Nexus Ltd and Zephyr Ltd when the investments were acquired were GHS’000 70 and GHS’000 30 respectively.
Required
Prepare the consolidated statement of financial position as at 31 December 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Associates, Consolidation, Equity Accounting, Financial Position, Goodwill, Non-controlling Interest, Retained Earnings
Level: Level 2

Topic: Associates and Joint Ventures

FR – L2 – Q92 – Consolidated Financial Statements

Prepare consolidated financial statements for Henks Plc, including profit or loss, changes in equity, and financial position for 20X4.

Question

HENKS PLC

Statements of financial position as at 31 December 20X4

	Henks Plc GH₵000	Streen Ltd GH₵000	Scote Ltd GH₵000
Non-current assets
Property, plant and equipment	32,000	25,000	20,000
Investments	33,500	–	–
	65,500	25,000	20,000
Current assets
Cash at bank and in hand	9,500	2,000	4,000
Trade receivables	20,000	8,000	17,000
Inventory	30,000	18,000	18,000
	59,500	28,000	39,000
	125,000	53,000	59,000
Share capital	46,500	10,000	15,000
Retained earnings	55,000	37,000	27,000
	101,500	47,000	42,000
Current liabilities	23,500	6,000	17,000
	125,000	53,000	59,000

Statement of profit or loss for the year ended 31 December 20X4

	Henks Plc GH₵000	Streen Ltd GH₵000	Scote Ltd GH₵000
Revenue	125,000	117,000	82,000
Cost of sales	(65,000)	(64,000)	(42,000)
Gross profit	60,000	53,000	40,000
Distribution and administrative costs	(35,000)	(22,000)	(23,000)
Profit before taxation	25,000	31,000	17,000
Income tax expense	(10,000)	(9,000)	(5,000)
Profit after tax	15,000	22,000	12,000

Statement of changes in equity (extract) for the year ending 31 December 20X4

	Henks Plc GH₵000	Streen Ltd GH₵000	Scote Ltd GH₵000
Retained earnings brought forward	40,000	15,000	15,000
Retained profit for the financial year	15,000	22,000	12,000
Dividends	–	–	–
Retained earnings carried forward	55,000	37,000	27,000

You are given the following additional information.
(1) Henks Plc owns 80% of Streen Ltd’s shares. These were purchased in 20X1 for GH₵20.5 million cash, when the balance on Streen Ltd’s retained earnings stood at GH₵7 million.
(2) Five years ago, Henks Plc purchased 60% of the shares of Scote Ltd by the issue of shares with a market value of GH₵13 million. At that date, the retained earnings of Scote Ltd stood at GH₵3 million and the fair value of the net assets of Scote Ltd was GH₵24 million. It was agreed that any undervaluation of the net assets should be attributed to land. This land was still held at 31 December 20X4.
(3) Included in the inventory of Scote Ltd and Streen Ltd at 31 December 20X4 are goods purchased from Henks Plc for GH₵5.2 million and GH₵3.9 million, respectively. Henks Plc aims to earn a profit of 30% on cost. Total sales from Henks Plc to Scote Ltd and to Streen Ltd were GH₵8 million and GH₵6 million, respectively.
(4) Henks Plc and Streen Ltd each proposed a dividend before the year end of GH₵2 million and GH₵2.5 million, respectively. No accounting entries have yet been made for these.
(5) Henks Plc has conducted annual impairment tests on goodwill in accordance with IFRS 3 and IAS 36. The estimated recoverable amount of goodwill at 31 December 20X1 was GH₵5 million and at 31 December 20X4 was GH₵4.5 million.

Required
Prepare the consolidated statement of profit or loss and consolidated statement of changes in equity for the year ended 31 December 20X4 and the consolidated statement of financial position at that date.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Dividends, Financial Statements, Goodwill, Impairment, Intra-group Transactions, Non-controlling Interest, Profit or Loss, Retained Earnings, Statement of Financial Position
Level: Level 2

Topic: Dividends

FR – L2 – Q91 – Consolidated Financial Statements

Prepare Falcon Ltd's consolidated profit or loss, financial position, and retained profit movement for 20X4.

Question

FALCON LTD

Statement of changes in equity for the year ended 30 June 20X4 (extract)

	Falcon Ltd GH¢000	Crane Ltd GH¢000
Retained earnings brought forward	8,000	10,500
Profit for the financial year	12,000	8,000
Retained earnings carried forward	20,000	18,500

Required

Prepare Falcon Ltd’s consolidated statement of profit or loss, consolidated statement of financial position and a working showing the movement on consolidated retained profit for Falcon Ltd for the year ended 30 June 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Financial Statements, IFRS 10, Non-controlling Interest, Profit or Loss, Retained Earnings, Statement of Financial Position
Level: Level 2

Topic: Consolidated Financial Statements

FR – L2 – Q89 – Business Combinations

Prepare consolidated statement of profit or loss and retained profit movement for Melody Ltd for year ended 31 Dec 20X4, including negative goodwill and intra-group adjustments.

Question

Melody Ltd
Statement of profit or loss for the year ended 31 December 20X4.

	Melody Ltd GH¢’000	Harmony Ltd GH¢’000
Revenue	304,900	195,300
Cost of sales	(144,200)	(98,550)
Gross profit	160,700	96,750
Operating costs	(76,450)	(52,100)
Operating profit	84,250	44,650
Investment income	10,500	2,600
Profit before tax	94,750	47,250
Income tax expense	(42,900)	(16,500)
Profit for the year	51,850	30,750

Statement of changes in equity (extracts) for the year ended 31 December 20X4

	Melody Ltd GH¢’000	Harmony Ltd GH¢’000
Retained earnings brought forward	80,200	31,000
Profit for the year	51,850	30,750
Proposed ordinary dividend	(20,000)
	112,050	61,750

The following information is also available.
(1) Melody Ltd acquired 75% of the share capital of Harmony Ltd on 31 August 20X4.
(2) Negative goodwill of GH¢3.8 million arose on the acquisition.
(3) Profits of both companies are deemed to accrue evenly over the year except for the investment income of Harmony Ltd all of which was received in November 20X4.
(4) Melody Ltd has bought goods from Harmony Ltd throughout the year at GH¢2 million per month. At the year-end Melody Ltd does not hold any inventory purchased from Harmony Ltd.

Required
Prepare the consolidated statement of profit or loss and a working showing the movement on consolidated retained profit for the year ended 31 December 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Intra-group Transactions, Negative Goodwill, Non-controlling Interest, Profit or Loss, Retained Earnings
Level: Level 2

Topic: Business Combinations (IFRS 3)

FR – L2 – Q88 – Business Combinations

Prepare Haven Ltd's consolidated statement of profit or loss and retained earnings movement for 20X4, adjusting for intercompany sales and dividends.

Question

Haven Ltd
The following are the statement of profit or loss for the year ended 31 December 20X4 of Haven Ltd and its subsidiary Seren Ltd.

	Haven Ltd GH¢’000	Seren Ltd GH¢’000
Revenue	1,120	390
Cost of sales	(610)	(220)
Gross profit	510	170
Distribution costs	(50)	(40)
Administration costs	(55)	(45)
Operating profit	405	85
Investment income	20	4
Finance costs	(18)	(4)
Profit before tax	407	85
Income tax expense	(140)	(25)
Profit for the year	267	60
Retained profit brought forward	100	45
Profit for year	267	60
Dividends paid and proposed	(50)	(20)
Retained profit carried forward	317	85

The following information is relevant.
(1) Haven Ltd acquired 75% of Seren Ltd six years ago when Seren Ltd’s retained earnings were GH¢9,000.
(2) Haven Ltd made sales to Seren Ltd totalling GH¢100,000 in the year. At the year end the statement of financial position of Seren Ltd included inventory purchased from Haven Ltd. Haven Ltd had taken a profit of GH¢3,000 on this inventory.
(3) Haven Ltd’s investment income includes GH¢15,000 being its share of Seren Ltd’s dividends.

Required
Prepare a consolidated statement of profit or loss and a working showing the movement on consolidated retained profit for the year ended 31 December 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Dividends, Intercompany Transactions, Inventory, Non-controlling Interest, Profit or Loss, Retained Earnings, Unrealised Profit
Level: Level 2

Topic: Business Combinations (IFRS 3)

FR – L2 – Q87 – Business Combinations

Prepare HeadSpace Plc's consolidated statement of financial position as at 31 March 20X9, including fair value adjustments and impairment.

Question

On 1st April 20X8, HeadSpace Plc acquired four million of the ordinary shares of Skyline Ltd, paying GH¢4.50 each. At the same time, HeadSpace Plc also purchased GH¢500,000 of Skyline Ltd 10% redeemable preference shares. At the acquisition date, the retained earnings of Skyline Ltd were GH¢8,400,000.

Reproduced below are the draft statements of financial position of the two companies at 31st March 20X9:

	HeadSpace Plc GH¢’000	Skyline Ltd GH¢’000
Non-current assets
Land and buildings	22,000	12,000
Plant and equipment	20,450	10,220
Investments in Skyline Ltd:
Equity	18,000	–
Preference	500	–
Total non-current assets	60,950	22,220
Current assets
Inventories	9,850	6,590
Trade receivables	11,420	3,830
Cash at bank and in hand	490	–
Total assets	82,710	32,640
Equity
Ordinary shares of GH¢1 each	10,000	5,000
10% Preference shares	–	2,000
Retained earnings	51,840	14,580
Non-current liabilities
10% Debentures 20Y2	12,000	4,000
Current liabilities
Trade payables	6,400	4,510
Bank overdraft	–	570
Taxation	2,470	1,980
Total equity and liabilities	82,710	32,640

Extracts from the statement of profit or loss of Skyline Ltd, before intra-group adjustments, for the year to 31st March 20X9 are:

	GH¢’000
Profit before tax	5,400
Taxation expense	1,600
	3,800

The following information is relevant:
(i) Included in the land and buildings of Skyline Ltd is a large area of development land recorded at cost of GH¢5 million. Its fair value at the date Skyline Ltd was acquired was GH¢7 million and by 31st March 20X9 this had risen to GH¢8.5 million. The group valuation policy for development land is that it should be carried at fair value and not depreciated.
(ii) Also at the date of acquisition of Skyline Ltd, Skyline Ltd plant and equipment included plant that had a fair value of GH¢4 million in excess of its carrying amount. This plant had a remaining life of 5 years. The group calculates depreciation on a straight-line basis. The fair value of the other net assets of Skyline Ltd approximated to their carrying amounts.
(iii) During the year, Skyline Ltd sold goods to HeadSpace Plc for GH¢1.8 million. Skyline Ltd adds a 20% mark-up on cost to all its sales. Goods with a transfer price of GH¢450,000 were included in the inventory of HeadSpace Plc at 31st March 20X9. The balance on the current accounts of HeadSpace Plc and Skyline Ltd was GH¢240,000 on 31st March 20X9.
(iv) An impairment test carried out at 31st March 20X9 showed that the consolidated goodwill was impaired by GH¢1,488,000.
(v) Skyline Ltd had paid its preference dividends in full and ordinary dividends of GH¢500,000.

Required:
(a) Prepare the consolidated statement of financial position of HeadSpace Plc as at 31st March 20X9.

(b) Calculate the non-controlling interest in the adjusted profit of Skyline Ltd for the year to 31st March 20X9.

(c) Explain why IFRS 3 Business Combinations requires an acquirer to consolidate the fair values of the assets and liabilities of an acquired subsidiary, at the acquisition date.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fair Value Adjustments, Intra-group Transactions, Non-controlling Interest, Profit Adjustments
Level: Level 2

Topic: Business Combinations (IFRS 3)

FR – L2 – Q86 – Business Combinations

Prepare Drobo Ltd's consolidated statement of financial position as at 31 March 20X4, incorporating fair value adjustments, intra-group transactions, and goodwill impairment.

Question

On 1 April 20X3, Draco Limited acquired 90% of the equity shares in Aboro Limited. On the same day Draco Limited accepted a 10% loan note from Aboro Limited for GH₵200,000 which was repayable at GH₵40,000 per annum (on 31 March each year) over the next five years. Aboro Limited’s retained earnings at the date of acquisition were GH₵2,200,000.

Statements of financial position as at 31 March 20X4

	Draco Limited		Aboro Limited
	GH₵000	GH₵000	GH₵000	GH₵000
Non-current assets
Property, plant and equipment		2,120		1,990
Intangible – software		–		1,800
Investments – equity in Aboro Limited		4,110		–
Investments – 10% loan note Aboro Limited		200
Investments – others		65		210
		6,495		4,000
Current assets
Inventories	719		560
Trade receivables	524		328
Aboro Limited current account	75
Cash	20
		1,338		888
Total assets		7,833		4,888
Equity and liabilities:
Capital and reserves
Equity shares of GH₵1 each	4,000		2,000
Retained earnings	2,900		1,955
		6,900		3,955
Non-current liabilities
10% Loan note from Draco Limited			160
Government grant			230
				390
Current liabilities
Trade payables	475		472
Draco Limited current account			60
Income taxes payable	228		174
Operating overdraft	27
		730		706
Total equity and liabilities		7,833		4,888

The following information is relevant
(i) Included in Aboro Limited’s property at the date of acquisition was a leased property recorded at its depreciated historical cost of GH₵400,000. The property had been sub-let for its remaining life of only four years at an annual rental of GH₵80,000 payable in advance on 1 April each year. The directors of Draco Limited are of the opinion that the fair value of this property is best reflected by the present value of its future cash flows. An appropriate cost of capital for the group is 10% per annum.
The present value of a GH₵1 annuity received at the end of each year where interest rates are 10% can be taken as:
3 year annuity GH₵2.50
4 year annuity GH₵3.20

(ii) The software of Aboro Limited represents the depreciated cost of the development of an integrated business accounting package. It was completed at a capitalised cost of GH₵2,400,000 and went on sale on 1 April 20X2. Aboro Limited’s directors are depreciating the software on a straight-line basis over an eight-year life (i.e. GH₵300,000 per annum). However, the directors of Draco Limited are of the opinion that a five-year life would be more appropriate as sales of business software rarely exceed this period.

(iii) The inventory of Draco Limited on 31 March 20X4 contains goods at a transfer price of GH₵25,000 that were supplied by Aboro Limited who had marked them up with a profit of 25% on cost. Unrealised profits are adjusted for against the profit of the company that made them.

(iv) On 31 March 20X4 Aboro Limited remitted to Draco Limited a cash payment of GH₵55,000. This was not received by Draco Limited until early April. It was made up of an annual repayment of the 10% loan note of GH₵40,000 (the interest had already been paid) and GH₵15,000 of the current account balance.

(v) The accounting policy of Draco Limited for non-controlling interests (NCI) in a subsidiary is to value NCI at a proportionate share of the net assets.

(vi) An impairment test at 31 March 20X4 on the consolidated goodwill concluded that it should be written down by GH₵120,000. No other assets were impaired.

Required
Prepare the consolidated statement of financial position of Draco Limited as at 31 March 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Topic: Business Combinations (IFRS 3)

FR – L2 – Q85 – Business Combinations

Prepare Greetings Ltd's consolidated statement of financial position as at 31 Dec 20X4, including fair value adjustments for Farewell Ltd.

Question

On 1 January 20X1, Greetings Ltd acquired 60% of the ordinary share capital of Farewell Ltd for GH₵110,000. At that date Farewell Ltd had a retained earnings balance of GH₵60,000.
The following statements of financial position have been prepared as at 31 December 20X4.

Assets	Greetings Ltd	Farewell Ltd
Non-current assets	GH₵	GH₵
Property, plant and equipment	225,000	175,000
Investments in Farewell Ltd	110,000	–
Current assets	271,000	157,000
Total assets	606,000	332,000
Equity and liabilities
Capital and reserves
Share capital	100,000	100,000
Retained earnings	275,000	90,000
	375,000	190,000
Current liabilities	231,000	142,000
Total equity and liabilities	606,000	332,000

The fair value of Farewell Ltd’s net assets at the date of acquisition was determined to be GH₵170,000.
The difference between the book value and the fair value of the net assets at the date of acquisition was due to an item of plant which had a useful life of 10 years from the date of acquisition.
Required
Prepare the consolidated statement of financial position of Greetings Ltd and its subsidiary as at 31 December 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidated Financial Statements, Fair Value Adjustments, Goodwill, Non-controlling Interest, Property Plant and Equipment, Retained Earnings
Level: Level 2

Topic: Business Combinations (IFRS 3)

FR – L2 – Q84 – Business Combinations

Prepare Prime Ltd's consolidated statement of financial position as at 31 Dec 20X4, considering acquisition of Nexus Ltd, fair value adjustments, and unrealised profits.

Question

On 1 July 20X1 Prime Ltd acquired 128,000 of Nexus Ltd’s 160,000 shares. The following statements of financial position have been prepared as at 31 December 20X4.

	Prime Ltd GH¢000	Nexus Ltd GH¢000
Property, plant and equipment	152,000	129,600
Investment in Nexus Ltd	203,000	–
Inventory at cost	112,000	74,400
Receivables	104,000	84,000
Bank balance	41,000	8,000
Total	612,000	296,000

	Prime Ltd GH¢000	Nexus Ltd GH¢000
Share capital	100,000	160,000
Retained earnings	460,000	112,000
Payables	52,000	24,000
Total	612,000	296,000

The following information is available.
(1) At 1 July 20X1 Nexus Ltd had a debit balance of GH¢11 million on retained earnings.
(2) Property, plant and equipment of Nexus Ltd included land at a cost of GH¢72 million. This land had a fair value of GH¢100,000 at the date of acquisition.
(3) The inventory of Nexus Ltd includes goods purchased from Prime Ltd for GH¢16 million. Prime Ltd invoiced those goods at cost plus 25%.

Required
Prepare the consolidated statement of financial position of Prime Ltd as at 31 December 20X4.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acquisition, Business Combinations, Consolidated Financial Statements, Fair Value Adjustment, Financial Position, Goodwill, IFRS 3, Non-controlling Interest, Subsidiary, Unrealised Profits
Level: Level 2

Topic: Business Combinations (IFRS 3)

Tag (SQ): Non-controlling Interest

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

FR – L2 – Q97 – Business Combinations

Prepare Peak Plc's consolidated statement of financial position as at 31 March 20X4, incorporating acquisitions of Flare Plc and Crest Ltd, with adjustments for intra-group transactions and fair value.

FR – L2 – Q93 – Consolidated Financial Statements

Prepare Apex Ltd's consolidated statement of financial position as at 31 December 20X4, incorporating subsidiary and associate investments.

FR – L2 – Q92 – Consolidated Financial Statements

Prepare consolidated financial statements for Henks Plc, including profit or loss, changes in equity, and financial position for 20X4.

FR – L2 – Q91 – Consolidated Financial Statements

Prepare Falcon Ltd's consolidated profit or loss, financial position, and retained profit movement for 20X4.

FR – L2 – Q89 – Business Combinations

Prepare consolidated statement of profit or loss and retained profit movement for Melody Ltd for year ended 31 Dec 20X4, including negative goodwill and intra-group adjustments.

FR – L2 – Q88 – Business Combinations

Prepare Haven Ltd's consolidated statement of profit or loss and retained earnings movement for 20X4, adjusting for intercompany sales and dividends.

FR – L2 – Q87 – Business Combinations

Prepare HeadSpace Plc's consolidated statement of financial position as at 31 March 20X9, including fair value adjustments and impairment.

FR – L2 – Q86 – Business Combinations

Prepare Drobo Ltd's consolidated statement of financial position as at 31 March 20X4, incorporating fair value adjustments, intra-group transactions, and goodwill impairment.

FR – L2 – Q85 – Business Combinations

Prepare Greetings Ltd's consolidated statement of financial position as at 31 Dec 20X4, including fair value adjustments for Farewell Ltd.

FR – L2 – Q84 – Business Combinations

Prepare Prime Ltd's consolidated statement of financial position as at 31 Dec 20X4, considering acquisition of Nexus Ltd, fair value adjustments, and unrealised profits.

Our offerings

Contact Info

Customer

Get In Touch

Tag (SQ): Non-controlling Interest

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

FR – L2 – Q97 – Business Combinations

Prepare Peak Plc's consolidated statement of financial position as at 31 March 20X4, incorporating acquisitions of Flare Plc and Crest Ltd, with adjustments for intra-group transactions and fair value.

You're reporting an error for "FR – L2 – Q97 – Business Combinations"

FR – L2 – Q93 – Consolidated Financial Statements

Prepare Apex Ltd's consolidated statement of financial position as at 31 December 20X4, incorporating subsidiary and associate investments.

You're reporting an error for "FR – L2 – Q93 – Consolidated Financial Statements"

FR – L2 – Q92 – Consolidated Financial Statements

Prepare consolidated financial statements for Henks Plc, including profit or loss, changes in equity, and financial position for 20X4.

You're reporting an error for "FR – L2 – Q92 – Consolidated Financial Statements"

FR – L2 – Q91 – Consolidated Financial Statements

Prepare Falcon Ltd's consolidated profit or loss, financial position, and retained profit movement for 20X4.

You're reporting an error for "FR – L2 – Q91 – Consolidated Financial Statements"

FR – L2 – Q89 – Business Combinations

Prepare consolidated statement of profit or loss and retained profit movement for Melody Ltd for year ended 31 Dec 20X4, including negative goodwill and intra-group adjustments.

You're reporting an error for "FR – L2 – Q89 – Business Combinations"

FR – L2 – Q88 – Business Combinations

Prepare Haven Ltd's consolidated statement of profit or loss and retained earnings movement for 20X4, adjusting for intercompany sales and dividends.

You're reporting an error for "FR – L2 – Q88 – Business Combinations"

FR – L2 – Q87 – Business Combinations

Prepare HeadSpace Plc's consolidated statement of financial position as at 31 March 20X9, including fair value adjustments and impairment.

You're reporting an error for "FR – L2 – Q87 – Business Combinations"

FR – L2 – Q86 – Business Combinations

Prepare Drobo Ltd's consolidated statement of financial position as at 31 March 20X4, incorporating fair value adjustments, intra-group transactions, and goodwill impairment.

You're reporting an error for "FR – L2 – Q86 – Business Combinations"

FR – L2 – Q85 – Business Combinations

Prepare Greetings Ltd's consolidated statement of financial position as at 31 Dec 20X4, including fair value adjustments for Farewell Ltd.

You're reporting an error for "FR – L2 – Q85 – Business Combinations"

FR – L2 – Q84 – Business Combinations

Prepare Prime Ltd's consolidated statement of financial position as at 31 Dec 20X4, considering acquisition of Nexus Ltd, fair value adjustments, and unrealised profits.

You're reporting an error for "FR – L2 – Q84 – Business Combinations"

Our offerings

Contact Info

Customer

Get In Touch

admin