Consolidation Statements Adjustments Summary

IFRS 3 & 10
Composed By MA Hayat
Negative Good Will
• Reduce the CRE with Negative GW's Figure

Impariment of Good Will

If NCI is on PROPORTIONATE Basis

• Reduce CRE
• Reduce Good Will

If NCI is on FAIR VALUE Basis

• Reduce CRE by % of P
• Reduce NCI by % of S
• Reduce Good Will

SALE OF STOCK
Subsidiary to Parent

• Reduce CRE by % of P
• Reduce NCI by % of S
• Reduce Stock

Parent to Subsidiary

• Reduce CRE by full amount

• Reduce Stock
 SALE OF FIXED ASSET
Subsidiary to Parent

Remove Profits
• Reduce CRE by % of P of Unrealised Profit
• Reduce NCI by % of S of Unrealised Profit
• Reduce Asset By full amount of Unrealised Profit

Remove Depreciation
• Increase th asset a/c with reversal of Dep.
• Increase the CRE by % Dep. Of P
• Increase the NCI by % Dep. Of S

Note: Both Adj. will be reversed in case of Loss On Sale

Parent to Subsidiary

Remove Profits
• Reduce CRE by full amount of Unrealised Profit
• Reduce Asset By full amount of Unrealised Profit

Remove Depreciation
• Increase th asset a/c with reversal of Dep.
• Increase the CRE by amount of Dep.

Note: Both Adj. will be reversed in case of Loss On Sale

FAIR VALUE ADJUSTMENTS

Record Surplus
• Increase asset with surplus figure
• Record Revaluation in Analysis Working of Equity

Record Depricciation on Surplus

• Reduce CRE & NCI (By Recording Dep.)
• Reduce Asset

Note: Both Adj. will be reversed in case of Revaluation Loss

Inter Company Balances

Make a Cash In Transit Adj. for differences.