Chap6 合并.ppt

14 The intercompany cash flows are already eliminated from the balance sheet, so no additional effects appear on the statement of cash flows. Acquired in-process research and development costs are not considered cash outflows from operating activities. Therefore, the expense is added back to consolidated net income in determining cash flows from operating activities. Any cash payments for acquired in-process RD are classified as investing activities. 15 -(P6-34) If Parent does not own all sub’s shares, then … 16 A separate adjustment must be recorded to maintain reciprocity between the sub. And parent’s investment balance. Because the parent does not adjust the investment. If sell for 8, no adjustment as well… FIN 46R requires consolidation when a business has a controlling financial interest in a VIE. 合并每股收益 P拥有S所有30K股份，P有60K发行在外的股份 P的利润150K (投资收益之前) ，S的利润是130K 每年的超额摊销是10K P和S的利息支出分别是32K和24K P的可转换公司债券转换为10K的普通股; S的转换为12K普通股 P有20%的S债券 基本的EPS? 稀释的EPS? 合并每股收益 基本的EPS—企业合并 合并净利润 ? 母公司报告净利润 150,000 ? 子公司报告净利润 130,000 ? 摊销支出 (10,000) 合并净利润 270,000 母公司发行在外的股份数 60,000 基本的EPS (270,000/60,000) 4.50 ? 合并每股收益 首先计算子公司稀释的EPS. 然后将上述结果考虑在计算合并的EPS. 计算比例以母公司的持股比例为基础. 合并每股收益—稀释 EPS—子公司 报告的净利润 130,000 发行在外股份数 30,000 基本的EPS (130,000/30,000) $4.33 因为稀释的EPS低于基本的EPS，说明可转换债券对EPS的计算有影响，需要予以考虑 考虑可转换债券的子公司EPS (130,000 +24,000 节省的利息支出) 154,000 考虑可转换债券的公司股份数 (30,000 + 12,000) 42,000 稀释的EPS (154,000/42,000) $3.67 合并每股收益—稀释 子公司稀释的利润中母公司的份额 上面计算的总股份数 42,000 母公司持有比例(30,000 + 12,000的20% ) 32,400 母公司持股比例(32,400/42,000) 77% 子公司用于计算稀释EPS的净利润 154,000 减去超额摊销 10,000 实现的子公司利润 144,000 母公司持股比例 77% 用于计算合并净利润的数额 110,880 稀释的EPS—合并 —母公司报告的净利润 150,000 —用于计算的子公司净利润 110,880 —母公司债券转换后节省的利息支出 32,000 稀释的净利润