企业合并报表例题(英文版).doc

Advanced Financial AccountingRevision of consolidationsQuestion 1 consolidated SFP at acquisition dateThe statements of financial position (SFP) for H and S on the date when H acquires 100% of S are given below:HSNon current assets (land)200,00090,000Investment in S110,000Current assets40,00020,000Total assets350,000110,000Share capital200,00050,000Profit and loss account reserve120,00050,000Current liabilities30,00010,000Share capital, reserves and liabilities350,000110,000RequiredaPrepare the consolidated statement of financial position at the acquisition date. Goodwill is to be capitalisedbPrepare the consolidated statement of financial position if the fair value of the non current asset of S at the acquisition date was 100,000. S has not incorporated the revaluation of its assets in its accounts. Goodwill is to be capitalised.Question 2 consolidated SFP post acquisitionH acquired 80% of S on 1.1.20x6. The statements of financial position for H and S as at 31.12.20x6 are given as follows:HSNon current assets (land)300,000100,000Investment in S90,000Current assets80,00020,000Total assets470,000120,000Share capital200,00050,000Profit and loss account reserve230,00065,000Current liabilities40,0005,000Capital, reserves and liabilities470,000120,000Notes The non current assets of S were recorded at 100,000 on 1.1.20x6, the acquisition date, but the fair value of these assets was 110,000 on this date. S has not recorded this fair value in its financial statements. The net assets of S totalled 80,000 at the date of acquisition excluding the revaluation.Goodwill is to be capitalised.RequiredPrepare the consolidated statement of financial position as at 31.12.20x6. Question 3 inter-group transactionStatement of financial position as at 31.12.20x8HSNon current asset 400,000280,000Investment in shares and bonds of S92,000Inventory 40,00030,000Trade receivables91,00021,000Inter-group receivables15,000Cash25,00020,000Total assets663,000351,000Ordinary / common share capital200,00050,000Preference share capital10,0005,000Profit and loss account reserve380,000230,000General reserve26,000Trade payables70,00024,000Inter-group payables15,000Bonds3,0001,000Capital, reserves and liabilities663,000351,000RequiredPrepare the consolidated statement of financial position with the following informationaH acquired 75% of the ordinary share capital of S on 1.1.20x4 for 90,000 when Ss total share capital and reserves were 115,000. The general reserve was 10,000 at this date.bH also acquired 20% of the preference capital of S for 1,500 and 10% of the bonds of S for 500 on 1.1.20x4 cHs accounting policy is to capitalise goodwill and amortise it over 10 years.dS sold a non-current asset at net book value of 100,000 to H for 250,000 on 1.1.20x8. This non-current asset had cost S 200,000. The depreciation policy for both companies is to charge depreciation of 10% per annum on cost on all assets. The companies charge a full years depreciation in the year of acquisition and none in year of sale.eH has inventory of 5,000 at the year end which it purchased from S. S makes a gross profit margin