企业合并报表例题(英文版).doc

Advanced Financial Accounting Revision of consolidations Question 1 consolidated SFP at acquisition date The statements of financial position (SFP) for H and S on the date when H acquires 100% of S are given below: H S Non current assets (land) 200,000 90,000 Investment in S 110,000 Current assets 40,000 20,000 Total assets 350,000 110,000 Share capital 200,000 50,000 Profit and loss account reserve 120,000 50,000 Current liabilities 30,000 10,000 Share capital, reserves and liabilities 350,000 110,000 Required a Prepare the consolidated statement of financial position at the acquisition date. Goodwill is to be capitalised b Prepare 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 acquisition H 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: H S Non current assets (land) 300,000 100,000 Investment in S 90,000 Current assets 80,000 20,000 Total assets 470,000 120,000 Share capital 200,000 50,000 Profit and loss account reserve 230,000 65,000 Current liabilities 40,000 5,000 Capital, reserves and liabilities 470,000 120,000 Notes 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. Required Prepare the consolidated statement of financial position as at 31.12.20x6. Question 3 – inter-group transaction Statement of financial position as at 31.12.20x8 H S Non current asset 400,000 280,000 Investment in shares and bonds of S 92