TYU 5

Particulars Calculation WN

Non Current Assets

Land 4500+2500+1250
Plant & Equipment 2400+1750+500-300
Other Investment 4500 WN7
(-) Contra -300 WN5
Goodwill WN3

Current Assets
Inventory 3200+900
Receivables 1400+650
(-) Contra -500 WN6
Bank 600+150
Cash in Transit 100 WN6

Total Assets Value

Equity
Ordinary Share Capital 5000
Retained Earnings WN4
Non Controlling Intrest WN3

Non Current Liabilities 4000+500

(-) Contra -300 WN5

Current Liabilities 2800+1300

(-) Contra -400 WN6

Total Equity & Liability Value

WN1
Net Worth of Subsidary Company

On the date of On the Date of

Acquisition Reporting

Share Capital 1000 1000

Retained Earnings 1150 3150
2150 4150
S's Land revaluation 1250 1250
S's Plant revaluation 500 500
S's Plant Depreciation -300
3900 5600

WN2
Calculation of Goodwill

Paid for Investments 3500

Share Exchange 0
Differed Consideration 0
Cost of Investment 3500
(+) Non Controlling Intrest 1100
(-) Net Worth at the date of Acquisition -3900
Goodwill Before Impairement 700
(-) Impairement -100
Goodwill 600

WN3
Non Controlling Intrest

Non Controlling Intrest at Fair Value 1100

(+) Post Profits 425
1525
(-) Proportionated Impairement of NCI -25
1500

WN4
Consolidated Retained Earnings

Retained Earnings 8300

(+) Post Profits 1275
(-) Unwinding Up
9575
(-) Proportionated Impairement -75
9500

WN5
60% Loan Stock

Dr S's Loan Stock 300 500*60%

Cr Investments 300

WN6
Intra Group Trading
Dr Bank 100
Dr P's Payable 400
Cr S's Recievable 500

WN7
Other Investments Calculation

Investment of P 8000
Investment of P in S -3500
Rest of Investment 4500
(-) 60% Loan Paid of S (Contra) -300
4200
$

8250
4350

4200
600

4100

1550

850

23900

5000
9500
1500

4200

3700

23900