说明分析讲稿chapter

FinancialReporting

8TheconsolidatedSFP

东北财经大学

①Thebasicconsolidationprocedures

②CalculategoodwillandNCI

③Cancelintra-grouptransactions

④Determinefairvalueofsubsidiary’snetassets

⑤PrepareconsolidatedSFP

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东北财经大学 2

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 3

Consolidate the assets and liabilities

parent andeachsubsidiary

of the

①netassetsattributabletothegroup

Goodwillneedbepresentedsepara yEquityinthegroupaccountsaredividedinto

②netassetsattributabletoNCI

2015/9/24 东北财经大学 4

Intra-grouptransactionshouldbecancelledPresentassetsandliabilitiesofSatFV

-

Theentityinasubsidiarynotattributable,directlyorindirectly,toaparent(IFRS3,IFRS10)

NCIshouldbepresentedintheconsolidatedstatementoffinancialpositionwithinequity,separatedfromtheparentshareholders’equity

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东北财经大学 5

Parent

Subsidiary

Difference

InvestmentinS’shares

Equity

GoodwillandNCI

Investmentin ’loanstock

Loanstock

ReceivablewithS

PayablewithP

Cashintransitorgoodsintransit

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东北财经大学 6

Goodwillatthereortin dateFVadjustment

Unrealisedprofitsfromintra-grouptransactionsGroupretainedearnings

NCI

ExampleP121

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东北财经大学 7

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 8

AlternativewaysofcalculatingNCI(IFRS3)

①Its roortionateshareofthefairvalueofthesubsidiary’snetassets

②FullvalueorfairvaluebasedonmarketvalueofsharesheldbyNCI

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东北财经大学 9

P

S

$

$

30,000$1ordinarysharesinS

30,000

0

$1Ordinaryshares

80,000

40,000

Retainedearnings

25,000

10,000

ExampleP125:NCIatproportionatemethodPCohasowned75%ofthesharecapitalofSCosincethedateofSCo’sincorporation.

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东北财经大学 10

ExampleP125:NCIatproportionatemethod

NCI

$

NCIatacquisitiondate

40,000×25%

10,000

NCIshareofretainedearnings

10,000×25%

2,500

NCIatreportingdate

12,500

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东北财经大学 11

ExampleP125:NCIatproportionatemethod

P

S

Group

$

$

$

30,000$1ordinarysharesinS

30,000

0

0

EquityattributabletoP

$1Ordinaryshares

80,000

40,000

80,000

Retainedearnings

25,000

10,000

32,500

112,500

NCI

12,500

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东北财经大学 12

Dividendspaidtoparentshouldbecancelled.DividendspaidtoNCIleavesthegroup.

TheremainingretainedearningsofSshouldbedistributedtogroupretainedearningsandNCI

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东北财经大学 13

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 14

①Goodwillattributabletoparent

＝Acquisitionconsideration

－FVofNetassetsoftheSowned

byP

②Goodwillattributabletogroup(OptioninIFRS3)

＝Acquisitionconsideration

＋FairvalueofNCI

—NetassetsoftheS

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东北财经大学

15

Pre-acquisitionretainedearnings

Becancelledagainsttheinvestmentoftheparent

Post-acquisitionretainedearnings

BeallocatedintogroupretainedearningsandNCIproportiona y

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东北财经大学 16

SingCo.paid$70,000for40,000sharesinWingCo.at31March

WingCo.equityat31March $

50,00 odinarysharesof$1each

Retainedearnings

Totalequity

50,000

10,000

60,000

MarketpriceofWing’ssharewas$1.25at31March

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东北财经大学 17

NCIattheyearend

＝NCIatacquisition

＋NCIshareofS’post-acquisitionRE

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东北财经大学 18

Pacquired75%ofsharesinSon1January2007whenShadretainedearningsof$15,000.

ThemarketpriceofS’ssharesjustbeforetheacquisitionwas$1.60.

P

S

$

$

SharesinS

68,000

0

$1Ordinaryshares

100,000

50,000

earnings

70,000

25,000

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东北财经大学 19

Goodwillattributabletoparent

Chargetheimpairmenttogroupretainedearningsonly.

Goodwillattributableto rou

ChargetheimpairmenttogroupretainedearningsandNCIproportiona y

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东北财经大学 20

Thefairvalueofnetassetsacquiredexceedacquisitionconsideration

Recognitionstep

Identify

RecognisetheexcessremaininginP/L

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东北财经大学 21

Contingentconsideration

Deferredconsideration

Shareexchange

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东北财经大学 22

Theacquisition-datefairvalueofcontingentconsiderationshallberecognisedaspartoftheconsideration

Goodwillmayberemesuredifcontingentconsiderationchangesduetoadditionalinformationobtainedthataffectspositionattheacquisitiondate

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东北财经大学 23

Bediscountedtoitspresentvalueusingtheacquiringentity’scostofcapital

Recognisetheinterestasfinancecostintheconsolidatedfinancialstatementsatyear-end

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东北财经大学 24

Pacquired75%sharesofSon1January20X6.Itpaid$3.50pershareandagreedtopayafurther$108mon1January20X7.

’costofcapitalis8%.

Working

$

Cash

3.5×80m×75%

210

PVofdeferredconsideration

108/(1＋8%)

100

Total

310

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东北财经大学 25

ThecostisthemarketpriceofsharesissuedConsideration

＝MarketpriceofP’sshare

×No.ofsharesissued

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东北财经大学 26

Pacquired12,000$1sharesinSbyissuing5ofitsownsharesforevery4sharesinS.

ThemarketvalueoftheP’ssharesis$6.Consideration

＝6×(12,000×5/4)

＝$90,000

QuestionP134

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东北财经大学 27

Expensesofcombinationshouldbewrittenoffasincurred

Issuecostsaredeductedfromtheproceedsoftheequityissue

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东北财经大学 28

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 29

-

StatementofP/LandOCI

Parent

Subsidiary

Cancel

Group

Sales

100,000

0

COGS

(80,000)

0

Grossprofits

20,000

0

Parentsoldgoodscosting$80,000toa100%ownedSubsidiaryfor$100,000.Subsidiarydidnotsoldthegoodsattheyearend.

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东北财经大学 30

-

Parentsoldgoodscosting$80,000toa100%ownedSubsidiaryfor$100,000.Subsidiarydidnotsoldthegoodsattheyearend.

Statementoffinancialposition

Parent

Subsidiary

Cancel

Group

Inventory

0

100,000

Retainedearnings

20,000

0

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东北财经大学 31

-

StatementofP/LandOCI

Parent

Subsidiary

Cancel

Group

Sales

100,000

0

COGS

(80,000)

0

Grossprofits

20,000

0

Parentsoldgoodscosting$80,000toa80%ownedSubsidiaryfor$100,000.Subsidiarydidnotsoldthegoodsattheyearend.

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东北财经大学 32

-

Parentsoldgoodscosting$80,000toa80%ownedSubsidiaryfor$100,000.Subsidiarydidnotsoldthegoodsattheyearend.

Statementoffinancialposition

Parent

Subsidiary

Cancel

Group

Inventory

0

100,000

Retainedearnings

20,000

0

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东北财经大学 33

-

Parentpurchasedgoodsof$100,000froma80%ownedSubsidiary.Thecostofthesegoodswas$80,000.Parentdidnotsoldthegoodsattheyearend.

StatementofP/LandOCI

Parent

Subsidiary

Cancel

Group

Sales

100,000

COGS

(80,000)

Grossprofits

20,000

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东北财经大学 34

-

Parentpurchasedgoodsof$100,000froma80%ownedSubsidiary.Thecostofthesegoodswas$80,000.Parentdidnotsoldthegoodsat

theyearend.

Statementoffinancialposition

Parent

Subsidiary

Cancel

Group

Inventory

100,000

Retainedearnings

20,000

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东北财经大学 35

-

StatementofP/LandOCI

Parent

Subsidiary

Cancel

Group

Sales

100,000

85,000

COGS

(80,000)

（70,000）

Grossprofits

20,000

15,000

Parentsoldgoodscosting$80,000toa80%ownedSubsidiaryfor$100,000.Subsidiarysold70%ofthesegoodsbytheendofthisyear.

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东北财经大学 36

-

Parentsoldgoodscosting$80,000toa80%ownedSubsidiaryfor$100,000.Subsidiarysold70%ofthesegoodsbytheendofthisyear.

Statementoffinancialposition

Parent

Subsidiary

Cancel

Group

Inventory

0

30,000

Retainedearnings

20,000

15,000

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东北财经大学 37

Consolidated SFPshouldonlyincludeearnedbythegroup

Unrealisedprofitsshouldbeeliminated

profits

Chargetheproportionofunrealisedintra-groupprofitstoNCIifnecessery

QuestionP139

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东北财经大学 38

- -

Statementofcomprehensivee

P

S

Cancel

Group

Gainsondisposal

2,500

－2,500

0

Depreciation

－1,250

250

－1,000

Example:P141

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东北财经大学 39

- -

Example:P141

Statementoffinancialposition

P

S

Cancel

Group

NCI

nt

11,250

0

2,500

＋250

9,000

Retainedearnings

27,000

18,000

－2,500

＋250

36,450

6,300

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东北财经大学 40

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 41

-

Distinguish the subsidiary’s profitsacquisitionandafteracquisition

Profitsmaynotbeevenlyinoneperiod

before

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东北财经大学 42

Profitsdistribution

$

Retainedearningson31December20X5

39,000

earningson31December20X4

15,000

Profitsin20X4

24,000

Profitsfrom1January20X4to31March20X4

6,000

Profitsfrom1April20X4to31December20X4

18,000

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东北财经大学 43

Pre-acquisitionretainedearnings

$

Retainedearningson31December20X4

15,000

Profitsfrom1January20X4to31March20X4

6,000

Pre-acquisitionretainedearnings

21,000

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东北财经大学 44

Summaryofconsolidationprocedures

Non-controllinginterests

Goodwillarisingonconsolidation

Intra-grouptransactions

Acquisitionofasubsidiaryduringperiod

Fairvaluesinacquisitionaccounting

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东北财经大学 45

Goodwilliscalculatedatthedifferencebetweentheconsiderationtransferred