Complex Group - Questions

Question 1:

Haan Bhai Kidhar

$ 000 $ 000 $ 000

Further Information:

1. Haan Co acquired 60% of the share capital of Bhai Co on 1 January 20X2 and 10% of Kidhar on 1
January 20X3. The cost of the combinations were $142,000 and $43,000 respectively. Bhai Co
acquired 70% of the share capital of Kidhar Co on 1 January 20X3
2. The retained earnings balances of Bhai Co and Kidhar Co were:

January 1 2002 January 1 2002

$ 000 $ 000
Bhai Co 45 60
Kidhar Co 30 40

3. No impairment loss adjustments have been necessary to date.

4. It is the group's policy to value the non-controlling interest at acquisition at its proportionate share of
the fair value of the subsidiary's identifiable net assets.

Required:

Prepare the consolidated statement of financial position for Haan Co and its subsidiaries as at 31
December 20X9.

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Complex Group - Questions

Question 2:

Bom Diggy Wom

Non-current assets 2,000.00 1,300.00 1,000.00
Investment 2,000.00 700.00 -
Current Assets 5,000.00 1,000.00 500.00
9,000.00 3,000.00 1,500.00

Share capital 4,500.00 1,000.00 300.00

Retained Earning 2,500.00 600.00 200.00
Current Liab 500.00 800.00 1,000.00
Non-current Liabilities 1,500.00 600.00 -
9,000.00 3,000.00 1,500.00

Further information:
1 Bom acquired 80% share of diggy at start of the year when retained earnings of
Diggy were Rs. 300. Fair value of all assets were equal to their carrying amount
except for a piece of land whose fair value exceeds its Carrying amount by Rs. 100
2 Diggy acquired 60% Wom at the mid of the year when retained earnings of Wom
were Rs. 100. Fair value of all assets were equal to their carrying amount.
3 Policy of group is to measure NCI at its proporrtionate share.

Required:
Prepare consolidated statement of financial position.

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Complex Group - Questions

Question 3:

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Complex Group - Questions

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Complex Group - Questions

Question 4:

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