CRQS Consolidation

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20X3
ASSETS
NON CURRENT ASSETS
PROPERTY PLANT & EQUIP 63900
(41000+21000+2000 FV-100 DEP)
WORKING-1
POLESTAR DATE OF ACQUISITION

75% 1 APRIL 20X3
SOUTHSTAR
WORKING-2 NET ASSETS OF SOUTHSTAR
AT ACQUISITION DATE AT REPORTING DATE
EQUITY SHARES 6000 6000

RETAINED EARNING (W) 14300 12000
FV ADJUSTMENT-PROPERTY 2000 1900
PURP(W-6) -600
22300 19300
WORKING-3 GOODWILL
CONSIDERATION
CASH 13500
(12000*75%*1.5)
CONTINGENT CONS 1800 INVESTMENT
ADD FV OF NCI AT ACQ 3600 CONTINGENT CONSIDERA
18900
LESS NET ASSETS OF SOUTHSTAR -22300 CONTINGENT CONS
AT ACQ P&L/CR
GAIN ON BARGAIN PURCHASE -3400
WORKING-4 NCI
FV OF NCI AT ACQ 3600

ADD NCI SHARE OF POST ACQ RESERVE -750
(-3000*25%)
2850
WORKING-5 CONSOLDATED RESERVE
POLESTAR RE AT REPORTING DATE 28500

ADD P CO. SHARE OF OST ACQ RESERVE -2250
(-3000*75%)
ADD CHANGE IN FV OF CONTINGENT CONS 300
(1800-1500)
ADD GAIN ON BARGAIN PURCHASE 3400
29950
ACQUISITION
1800
CONTINGENT CONSIDERATION 1800
300
300
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 SEP X0
ASSETS
NON CURRENT ASSET
PROPERTY PLANT AND EQUIPMENT 38250
(25500+13900-1200+50)
INVESTMENT 1300
(1800-800+300)
GOODWILL W-3 7800
CURRENT ASSETS
INVENTORY 5400
(5300+500-400)
RECIEVABLES 4820
(4200+1100-130CIT-350INTRA GRP SALES)
BANK 3930
(3000+800+130CASH IN TRANSIT)
TOTAL ASSETS 61500
EQUITY AND LIABILITIES

EQUITY SHARES 14400
(12000+2400 SHARE CONSIDERATION)
SHARE PREMIUM 9600
OTHER RESERVE 800
(500+300)
GROUP RETAINED EARNING W-5 11860
NCI W-4 3390
LIABILITIES
CURRENT LIABILITIES 21450
(15000+6800-350 INTRA GROUP SALES)
61500
WORKING-1
PREMIER DATE OF ACQUISITION

80%
STANFORD 1 JUNE 20X0
WORKING-2
1 JUNE X0 30 SEP X0
AT ACQUISITION AT REPORTING DATE
$'000 $'000
EQUITY SHARES 5000 5000
RETAINED EARNING 3200 4500
FV ADJ PROPERTY -1200 -1200
DEP REDUCTION 50
PURP (W-6) -400
7000 7950
OPENING RETAINED EARNING 3200

LESS PROFIT FOR THE YEAR 1300
CLOSING RETAINED EARNING 4500
THE UREALISED PROFIT IS CALCULATED AS 2M*25/125=$400,000
WORKING-3 GOODWILL
CONSIDERATION PAID BY PREMIER
SHARE CONSIDERATION 12000 INVESTMENT 12000
(4000*3/5*5) SHARE CAPITAL 2400
CASH CONSIDERATION 800 SHARE PREMIUM 9600
NET ASSET OF STANFORD AT ACQ -7000
9300
IMPAIREMENT -1500
GOODWILL 7800
WORKING-4 NCI
FV OF NCI AT ACQ 3500 CASH IN TRANSIT

ADD POST ACQ RESERVE 190
(950*20%) CASH 130000
LESS GOODWILL IMPAIRMENT -300 PAYABLE 350000
(1500*20%) RECIEVABLE
3390
WORKING-5 CONSOLIDATED RESERVE
PREMIER CO. RE AT REPORTING DATE 12300 OTHER INVESTMENT

ADD POST ACQ RESERVE 760 OCI/OTHER RESERVES
(950*80%)
LESS GOODWILL IMPAIRMENT -1200
(1500*80%)
11860
480000
300000
300000
STATEMENT OF PROFIT & LOSS AND OTHER COMPREHENSIVE AS INCOME FOR THE YEAR 31 MARCH 20X1
$'000 $'000
REVENUE
450000+240000*6/12-40000INTRA GRP SALE 530000
LESS COS -278800
W-1
GROSS PROFIT 251200
LESS DISTRIBUTION COST -29600
(23600+12000*6/12
LESS ADMIISTRATION EXPENSE -38500
(27000+23000*6/12)
LESS FINANCE COST -2100
(1500+1200*6/12
-70200
PROFIT BEFORE TAX 181000
LESS INCOME TAX EXPENSE -61900
(48000+27800*6/12
PROFIT FOR THE YEAR 119100
OTHER COMPREHENSIVE INCOME

GAIN ON REVALUATION OF 3500
LAND
(2500+1000)
TOTAL COMPREHENSIVE INCOME 122600
PROFITS ATTRIBUTABLE TO
OWNERS OF PARENT 111550
NON CONTROLLING INTEREST 7550
(W2)
119100
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO

OWNERS OF PARENT 114800
NCI W2 7800
122600
(W1) COST OF SALES
PRODIGAL 260000
SENTINEL 55000
(110000*6/12)
URP ON SALE OF PLANT 1000
DEP ADJUSTMENT ON SALE OF PLANT -200
(1000/2.5)*6/12
URP IN INVENTORY 3000
(12000*10000/40000)
INTRA GROUP PURCHASES -40000
278800
(W2) NON CONTROLLING INTEREST
SENTINEL'S POST ACQ PROFIT 33000

(66000*6/12)
PUP-INVENTROY -3000
PUP-PLANT DEP 200
SENTINEL'S ADJUSTED PROFIT 30200
NCI @ 25% 7550

OTHER COMPREHENSIVE INCOME 250
(1000*25%)
7800
PANDAR
(a) INVESTMENT IN AMBRA-CARRYING AMOUNT
$'000
COST OF INVESTMENT 32000
(40000*40%*2)
LESS PANDAR SHARE OF LOSS -1000
(5000)*40%*6/12
LESS IMPAIRMENT -3000
LESS URP -240
(6000*20%*1/2*40%)
INVESTMENT IN ANDRA 27760
(b) PANDAR GROUP

CONSOLIDATED STAMENT OF PROFIT & LOSS FOR THE YEAR END 30 SEPTEMBER 20X9
$'000
REVENUE 270000
(210000+150000*6/12-15000)
COS
(126000+100000*6/12-15000+1000+500) -162500
GROSS PROFIT 107500
DISTRIBUTION COST -14700
(11200+7000*6/12)
ADMINISTRATIVE EXP -22800
(18300+9000*6/12)
INVESTMENT INCOME 1100
(9500-8000*80%-2000)
FINANCE COST -2300
(1800-2000+1000*6/12+2000)
SHARE OF LOSS FROM ASSOCIATE -1000
IMPAIRMENT OF INV IN ASSOCIATE -3000
URP IN ASSOCIATE -240
INCOME TAX EXPENSE -20000
(15000+10000*6/12)
PROFIT ATTRIBUTABLE TO
ORDINANRY SHARE HOLDERS OF SALVA 43160
NCI 1400
44560
PICANT
CONSOLIDATED STAEMENT OF FINANCIAL POSITION AS AT 31 MARCH 20X4
ASSETS
Non Current Asset

PP&E 63900
(37500+24500+2000(FV)-100(DEP)
GOODWILL (W-3) 12200
INVESTMENT IN ADLER (W-6) 13200
Current Asset
Inventory 20200
(10000+9000+1200)
Trade Recievabes 4600
(6500+1500-3400)
Total Assets 114100
EQUITY
Equity Shares 25000

Share Premium 19800
Group Retained Earning (W-5) 27500
NCI (W-4) 8400
Non Current Liabilities

7% Loan Notes 16500
Current Liabilities
Contingent Consideration 2700
Other current assets 14200
(8300+7500-1600(intra grp))
Total Equity & Liablilities 114100
(W-1)
PICANT
75% 1ST APRIL 20X3
SANDAR
(W-2) NET ASSETS OF SANDER
AT ACQUISITION AT REPORTING POST ACQUISITION

EQUITY SHARE 8000 8000 0
RETAINED EARNING 16500 17500 1000
FV ADJ-PP&E 2000 2000 0
EXCESS DEP -100 -100
SOFTWARE -500 500
26000 27400 1400
(W-3) GOODWILL
CONSIDERATION
_SHARE EXCHANGE 28800
(8000*75%*3/2*3.2)
_CONTINGENT CONSIDERATION 4200
(8000*25%*4.5)
FV OF NET ASSET OF SANDER AT ACQ -26000
GOODWILL 16000
IMPAIRMENT -3800
12200
(W-4) NCI
FV OF NET ASSET AT ACQ 9000

NCI SHARE OF POST ACQ PROFIT 350
(1400*25%)
NCI SHARE OF GW IMPAIREMENT -950
8400
(W-5) GROUP RETAINED EARNING
PICANT RETAINED EARNING 27200

PICANT SHARE OF POST ACQ PROFIT 1050
(1400*75%)
PICANT SHARE OF IMPAIRMENT -2850
(3800*75%)
GAIN FROM RED IN CONTINGENT CONS 1500
(4200-2700)
ADLERS POST PROFIT 1200
(6000*6/12*40%)
PURP IN INVENTORIES -600
(1800*(50/150)
27500
(W-6) INVESTMENT IN ADLER
CONSIDERATION
_CASH 8000
(5000*40%*4)
_LOAN NOTES CONSIDERATION 4000
(2000/50)*100
ADLER POST ACQ PROFIT 1200
(6000*6/12*40%)
13200
ASSET
NON CURRENT ASSET

PP&E 74000
(40000+31000+4000(FV)-1000(DEP))
Intangible Asset 10000
(7500+3000(FV)-500(DEP)
Investment in Augusta W-6 7700
Goodwill W-5 15000
CURRENT ASSET 35100

(22000+13700-600 PUP)
TOTAL ASSETS 141800
EQUITY
Equity Shares 50000
Group Retained Earnings W-5 35200
NCI W-4 7900
NON CURRENT LIABILITIES

Deffered Tax 23000
Current Liabilities 25700

(11600+8700+5400 deffered consideration)
TOTAL EQUITY AND LIABILITIES 141800
W-1 GROUP STRUCTURE
PALADIN
80% 25%
SARACEN AUGUSTA
(12 MONTHS) (8 MONTHS)
W-2 NET ASSET OF SARACEN

EQUITY SHARES 10000 10000 0
FV ADJ-PLANT 4000 4000 0
INTANGIBLE ASSET 3000 3000 0
29000 33500 4500
W-2 W-4/W-5
W-3 GOODWILL
CONSIDERATION
_CASH 32000
(10000*80%*4) INVESTMENT 5000
_DEFFERED CONSIDERATION 5000 DEFFERED CONSIDERATION
(5.4*(1.8)^-1)
FV OF NCI AT ACQUISITION 7000
(10000*20%*3.5)
FV OF NET ASSET OF SARACEN AT ACQ W-2 -29000
GOODWILL 15000
W-4 NON CONTROLLING INTEREST
FV OF NCI AT ACQUISITION W-2 7000

NCI SHARE OF POST ACQ RESERVE 900
(4500*20%)
7900
W-5 GROUP RETAINED EARNING
PARADIN RETAINED EARNING AT REPORTING DATE 34900

PARADIN SHARE OF POST ACQ RESERVE W-2 3600
(4500*80%)
PURP -600
(2600*30/130)
UNWINDING OF DISCOUNT -400
(5000*8%)
AUGUSTA POST ACQ PROFIT 200
(1200*25%*8/12)
AUGUSTA IMPAIRMENT LOSS -2500
35200
W-6 COST OF INVESTMENT IN AUGUSTA
CONSIDERATION 10000
AUGUSTA POST ACQ PROFIT 200
(1200*25%*8/12)
AUGUSTA IMPAIRMENT LOSS -2500
7700
5000
D CONSIDERATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 20X2
ASSETS
NON CURRENT ASSETS

PP&E 69000
(38100+28500+3000 FV-600 DEP)
INVESTMENT 2800
(2000+800 FV)
GOODWILL W-5 7400
CURRENT ASSETS
INVENTORY 25300
(13900+10400- 500 PUP+1500 GOODS IN TRANSIT)
TRADE RECIEVABLES 12500
(11400+5500-3200 INTRA GRP-1200 CIT)
BANK 11200
(9400+600+1200)
TOTAL ASSETS 128200
EUITY AND LIABILITIES
EQUITY
EQUITY SHARE 25000
SHARE PREMIUM 17600
NCI W-4 8480
NON CURRENT LIABILITIES 21500

(16500+4000+1000)

(9500+5000+7040 DEFFERED CONS-3200 INTRA GRP+1500 GIT)
128200
W-1 GROUP STRUCTURE
PYRAMID
80%
SQUARE
12 MONTHS
W-2 NET ASSET OF SQUARE

FV ADJ-PLANT 3000 3000 0
DEFFERED TAX LIAB -1000 -1000 0
30000 37400 7400
W-3 GOODWILL
CONSIDERATION
_DEFFERED CONSIDERATION 6400 INVESTMENT 6400
(10000*80%*.88)*(1.1)^-1 DEFFERED CONS 6400
(10000*20%*3.5)
FV OF NET ASSET OF SQUARE AT ACQ W-2 -30000
GOODWILL 7400

NCI SHARE OF POST ACQ RESERVE W-2 1480
(7400*20%)
8480
PYRAMID RETAINED EARNING AT REPORTING DATE 30200

PYRAMID SHARE OF POST ACQ RESERVE W-2 5920
(7400*80%)
PUP W-6 -500
(1500*50/150)
GAIN IN INVESTMENT 800
(2800-2000)
UNWINDING OF DISCOUNT -640 P&L
(6400*10%) DEFFERED CONS
35780
W-6 INTRA GROUP CURRENT ACCOUNT
GOODS IN TRANSIT
INVENTORY 1500
PAYABLES 1500
CASH IN TRANSIT
BANK 1200
RECIEVABLE 1200
REMAINING 3200 WILL BE CANCELLED OUT FROM RECIEVABLE/PAYABLES.

640
640
(a)
CONSOLIDATED GOODWILL
CONSIDERATION
(10000*90%*2/3*6.5)
_DEFFERED CONSIDERATION 14400
(9000*1.76)*(1.1)^-1)
(10000*10%*2.5)
FV OF NET ASSET OF GRECA AT ACQ W-1 -47900
GOODWILL 8000
W-1 NET ASSET OF GRECA AT ACQUISITION
EQUITY SHARE 10000

RETAINED EARNING 36550
(35000+6200*3/12)
FV ADJ-PLANT 1800
FV ADJ-CONTINGENT LIABILITY -450
47900
( b)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR 30 SEP 20X2
REVENUE 85900
(64600+38000*9/12-7200 INTRA GRP SALES)
COS (W-1) -64250
GROSS PROFIT 21650
DISTRIBUTION COST -2950
(1600+1800*9/12)
ADMINISTRATIVE EXP -7600
(3800+2400*9/12+2000 GW IMPAIRMENT)
INCOME FROM ASSOCIATE 800
(2000*40%)
FINANCE COST -1500
(420+14400*10%*9/12 DEFFERED CONS)
-11250
(2800+1600*9/12)
EQUITY HOLDERS OF PARENT 6180
NCI (W-2) 220
6400
W-1 COST OF SALES
VIAGEM 51200
GRECA 19500
(26000*9/12)
INTRA GRP PURCHASES -7200
PUP 300
(1500*25/125)
EXCESS DEPRECIATION 450
(1800/3*(9/12))
64250
GRECA POST ACQ PROFIT 4650

(6200*9/12)
FV DEP -450
IMPAIRMENT -2000
GRECA ADJ PROFIT 2200
NCI AT 10% 220

Assets
NON CURRENT ASSETS
PP&E 70400
(47400+25500-3000 FV+500 RED DEP)
EQUITY INVESTMENT 11000
(7500-400 FV+3200+700 FV)
GOODWILL W-3 8500
CURRENT ASSETS
INVENTORY 28200
(20400+8400-600 PUP)
BANK 2100
TOTAL ASSETS 144000
Equity & Liabilities
EQUITY
EQUITY SHARES 40000
NCI W-4 8800
SHARE PREMIUM 6000

10% LOAN NOTES 8000
LOAN NOTE CONSIDERATION 7575
CURRENT LIABILITIES
TRADE PAYABLES 30600
BANK OVERDRAFT 9100
144000
W-1 GROUP STRUCTRE
PARADIGM
75%
STRATA
6 MONTHS
W-2 NET ASSETS OF STRATA

AT ACQUISIITION AT REPORTING POST ACQUISITION
RETAINED EARNING -6000 4000 10000
FV ADJ-PLANT -3000 -3000 0
RED DEPRECIATION 500 500
EQUITY INVESTMENT 700 700
11000 22200 11200
W-3 GOODWILL
INVESTMENT
CONSIDERATION SHARE CAPITAL
_SHARE EXCHANGE 12000 SHARE PREMIUM
(20000*75%*2/5*2)
_LOAN NOTE CONSIDERATION 1500 INVESTMENT
(15000/1000)*100 LOAN LIABILITY

(20000*25%*1.2) P&L
FV OF NET ASSET OF STRATA AT ACQ W-2 -11000 LOAN LIABILITY
8500
W-4 NCI

(11700*25%)
8800
PARADIGM'S RETAINED EARNING AT REPORTING DATE 26600

PARADIGM SHARE OF POST ACQ RESERVE 8400
(11200*75%)
LOAN NOTE INTEREST -75
(1500*10%*6/12)
FV LOSS ON EQUITY INVESTMENT -400
(7100-7500)
PUP W-6 -600
(4600*15/115)
33925
W-6 UNREALISED PROFIT (PUP)
SALES 115% 4600

COS 100% 4000
PROFIT 15% 600
12000
6000
6000
1500
1500
75
75
(a)
GOODWILL ON ACQUISITION OF STRATA
CONSIDERATION
DEFERRED CONSIDERATION 126000
(90000*1.54)*(1.1)^-1
(60000*1.25)
FV OF NET ASSET OF SPHERE AT ACQUISITION W-1 -196000
5000
W-1 NET ASSETS OF STRATA AT ACQUSITION

$'000
EQUITY SHARE 75000
FV ADJ-PLANT 6000
CUSTOMER RELATION 5000
(70000+80000*6/12)
196000
(b)
CONSOLIDATED STATEMENT OF PROFIT OR LOASS FOR THE YEAR 31 MARCH 20X4
REVENUE 755000 W-2

(620000+310000*6/12-20000 INTRA GRP SALES)
COS W-2 -457300 PENEKETH
GROSS PROFIT 297700 SPHERE
DISTRIBUTION COST -50000 (150000*6/12)
(40000+20000*6/12) PUP W-3
ADMINISTRATIVE EXP -49000 INTRA GRP PURCHASES
(36000+25000*6/12+500 AMORTISATION) EXCESS DEP
INVESTMENT INCOME 5800 (6000/2)*6/12
(5000+1600*6/12)
FINANCE COST -11100 W-3
(2000+5600*6/12+126000*10%*6/12)
-104300 UNSOLD INVENTORY
PROFIT BEFORE TAX 193400 SALES
INCOME TAX EXPENSE -60500 (20000*1/5)
(45000+31000*6/12) COS
PROFIT FOR THE YEAR 132900 PROFIT
OTHER COMPREHENSIVE INCOME
GAIN/LOSS ON REVALUATION LAND -1200 W-4
(-2200+1000)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 131700 STRATA PROFIT
(80000*6/12)
PROFIT ATTRIBUTABLE TO 117700 EXCESS DEP
EQUITY HOLDERS OF PARENT 15200 AMORTISATION
NCI W-4 ADJUSTED PROFIT
132900
NCI AT 40%
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO
EQUITY HOLDER OF PARENT 116100
NCI 15600
131700
COST OF SALES
PENEKETH 400000
75000
(150000*6/12)
800
EXCESS DEP 1500
(6000/2)*6/12
457300
UNREALISED PROFIT (PUP)
UNSOLD INVENTORY
125% 4000
(20000*1/5)
100% 3200
25% 800
NCI
STRATA PROFIT 40000

(80000*6/12)
EXCESS DEP -1500
AMORTISATION -500
ADJUSTED PROFIT 38000
NCI AT 40% 15200

(a)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AS AT 30 SEP 20X4 (EXTRACT)
(i) REVENUE
PLASTIK 62600
SUBTRAK 22500
(30000*9/12)
INTRA GRP SALES -2700
82400
(ii) COST OF SALES
PLASTIK 45800
SUBTRAK 18000
(24000*9/12)
EXCESS DEP 100
INTRA GRP PURCHASE -2700
PUP 120
(600*25/125)
61320
( iii ) FINANCE COST
PLASTIK 200
SUBTRAK 0
INTEREST ON DEFFERED CONSIDERATION 135
(9000*80%*0.275)*(1.1)^-1*(9/12)*10%
335
(b)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEP 20X4
ASSETS
NON CURRENT ASSETS

PP&E 37100
(18700+13900+4000 FV-100 DEP+600 REV)
GOODWILL W-3 5700
CURRENT ASSETS 11680

(9000+4000-120 PUP-400 CIT-800 INTRA GRP SALES)
54480

EQUITY SHARES 14800
SHARE PREMIUM 9600
REVALUATION SURPLUS (2000+600*80%) 2480
NCI W-4 4900

10% LOAN NOTES 2500
(2500+1000-1000)
CURRENT LIABILTIES
TRADE PAYABLES 11100
(7900+4400-800 INTRA GRP PURCHASES-400 CIT)
DEFFERED CONSIDERATION 1935
54480
W-1 GROUP STRUTURE
PLASTIK
80%
SUBTRAK
9 MONTHS
W-2 NET ASSETS OF SUBTRAK

(3500-2000*9/12)
FV ADJ-PROPERTY 4000 4000 0
15000 16400 1400
W-3 GOODWILL
CONSIDERATION
_SHARE EXCHANGE 14400 INVESTMENT
(9000*80%*2/3*3) SHARE CAPITAL
_DEFERRED CONSIDERATION 1800 SHARE PREMIUM
(9000*80%*0.275)*(1.1)^-1
FV OF NCI AT ACQUISITION 4500 INVESTMENT
(9000*20%*2.5) DEFFERED CONSIDERATION
FV OF NET ASSET OF SUBTRAK AT ACQUISITION W-2 -15000
5700
W-4 NCI P&L

DEFFERED CONSIDERATION
(1400*20%)
NCI POST ACQ REVALATION (600*20%) 120
4900
PLASTIK RETAINED EARNING AT REPORTING DATE 6300

PLASTIK SHARE OF POST ACQ RESERVE 1120
(14000*80%)
UNWINDING OF DISCOUNT -135
(1800*10%*9/12)
PUP -120
(600*25/125)
7165
14400
4800
9600
1800
D CONSIDERATION 1800
135
D CONSIDERATION 135
(a)
CONSIDERATION
(12000*80%*2/3*3)
_DEFERRED CONSIDERATION 13440
(9600*1.54)*(1.1)^-1
(12000*20%*2.5)
FV OF NET ASSETS OF CYCLIP AT ACQ W-1 -26845
GOODWILL AT ACQ 11795
W-1 FV OF NET ASSETS OF CYCLIP AT ACQUISITION
EQUITY SHARE 12000

(13500+(2400+100)*3/12)
FV ADJ-PLANT 720
26845
(b)
(I) REVENUE
BYCOMB 24200
CYCLIP
(10800*9/12) 8100
INTRA GRP SALES -3000
29300
( II ) COST OF SALES
BYCOMB 17800
CYCLIP 5100
(6800*9/12)
PUP 70
(420/120)*20
EXCESS DEPRECIATION 360
(720/18)*9
GOODWILL IMPAIRMENT 500
20830
( III ) FINANCE COST
BYCOMB 400
CYCLIP 150
(300-100)*9/12
UNWINDING OF DISCOUNT 1008
(13340*10%)*9/12
1558
( IV ) PROFIT/LOSS ATTRIBUTABLE TO NCI
CYCLIP 1875
(2400+100)*9/12
EXCESS DEP -360
IMPAIRMENT OF GOODWILL -500
ADJUSTED PROFIT 1015
NCI AT 20% 203

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 20X5
ASSETS
NON CURRENT ASSETS

PP&E 83600
(55000+28600)
MOBILE GAME RIGHTS 10800
(12000-1200 AMORTISATION)
EQUITY INVESTMENT 21100
(13200+7900)
GOODWILL W-3 3000
CURRENT ASSETS
INVENTORY 32600
(17000+15400+800 GIT- 600 PUP)
(14300+10500-2400 INTRA GRP SALES)
BANK 3800
(2200+1600)
TOTAL ASSETS 177300
EQUITY & LIABILITIES
EQUITY SHARES 26000

(20000+6000 SHARE EXCHANGE)
OTHER COMPONENT OF EQUITY 22000
GROUP RETAINED EARNINGS W-5 52425
NCI 15675

(25800+18100+800 GIT-2400 INTRA GRP+18900)
177300
W-1 GROUP STRUCTURE
PALISTAR 75% 1 JANUARY 20X5

STRETCHER
6 MONTHS
W-2 NET ASSETS OF STRETCHER

(14000+10000*40%)
FV ADJ-EQUITY INV 1000 1900 900
MOBILE GAME RIGHT 12000 12000 0
AMORTISATION 0 -1200 -1200
51000 56700 5700
W-3 CONSOLIDATED GOODWILL
CONSIDERATION
_SHARE EXCHANGE 24000 INVESTMENT
(20000*75%*2/5*4) SHARE CAPITAL
_DEFFERED CONSIDERATION 18000 SHARE PREMIUIM
(150000*1.32)*(1.1)^-1
FV OF NCI AT ACQUISITION 15000 INVESTMENT
(20000*25%*3) DEFERRED CONSIDERATION
FV OF NET ASSET OF STRETCHER AT ACQ W-2 -51000
GOODWILL AT ACQUISITION 6000
IMPAIRMENT -3000
3000

(20000*25%*3)
NCI SHARE OF POST ACQUISITION RESERVE W-2 1425
(5700*25%)
NCI SHARE OF IMPAIRMENT -750
(3000*25%)
15675
PALISTAR RETAINED EARNING AT REPORTING DATE 50200

PALISTAR SHARE OF POST ACQ RESERVE W-2 4275
(5700*75%)
PALISTAR SHARE OF IMPAIRMENT -2250
(3000*75%)
UNWINDING OF DISCOUNT -900 P&L
(18000*10%)*6/12 DEFFERED CONSIDERATION
FV GAIN ON EQUITY INVESTMENT 1700
(13200-11500)
PUP W-6 -600 P&L
((1800+800)/130)*30 GROUP INVENTORY
52425
W-6 GOODS IN TRANSIT & PUP
GOODS IN TRANSIT
INVENTORY 800
PAYABLES 800
INTRA GRP SALES

PAYABLES 2400
RECIEVABLES 2400
18000
18000
900
24000 900
SHARE CAPITAL 6000
SHARE PREMIUIM 18000
DEFERRED CONSIDERATION
DEFFERED CONSIDERATION
600
GROUP INVENTORY 600
(a)
CONSIDERATION
(15000*60%*3/5*7)
_DEFFERED CONSIDERATION 13500
(9000*1.62)*(1.08)^-1
(15000*40%*2)
FV OF NET ASSETS OF RAKEWOOD AT ACQ W-1 -46800
16500
W-1 FV OF NET ASSETS OF RAKEWOOD AT ACQ W-1
EQUITY SHARE 15000

(25000+10400*3/12)
FV ADJ-PLANT 4000
FV ADJ-INVENTORY 200
46800
(b)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR 30 SEPTEMBER 20X6
REVENUE 112700
(84500+52000*9/12-10800 INTRA GRP SALES) W-2 COST OF SALES
COS W-2 -74900
GROSS PROFIT 37800 LAUREL
DISTRIBUTION COST -3200 RAKEWOOD
ADMINISTRATIVE EXP -6200 (34000*9/12)
INVESTMENT INCOME 300 INTRA GRP PURCHASES
(400*9/12) EXCESS DEP
INCOME FROM ASSOCIATE 600 (4000/2)*9/12
(2400*25%) PUP
FINANCE COST -1110 (1800*20/120)
(300+(13500*8%)*9/12) FV INVENTORY ADJUSTMENT
-9610
(4800+3600*9/12)
EQUITY HOLDER OF LAUREL 18370 W-3 NCI
NCI W-3 2320
20690 RAKEWOOD
EXCESS DEP
PUP
FV INVENTORY ADJ
ADJUSTED PROFIT
NCI AT 40%
COST OF SALES
58200
25500
P PURCHASES -10800
1500
300
TORY ADJUSTMENT 200

74900
7800
-1500
-300
-200
5800
2320
ASSETS
NON CURRENT ASSETS

PP&E 110500
(75200+31500+4000 MINE ASSET-200 DEP)
INVESTMENT IN AMERY CO W-5 5700
(4500+1200 W-5)
GOODWILL W-3 11000
CURRENT ASSETS
INVENTORY 38100
(19400+18800+700 GIT-800 PUP)
(14700+12500-3000 INTRA GRP SALES)
BANK 1800
TOTAL ASSETS 191300
EQUITY
EQUITY SHARE 60000
(50000+10000)
SHARE PREMIUM 22000
NCI W-4 9430

8% LOAN NOTES 5000
LOAN NOTE LIABILITY 15300
ENVIRONMENTAL PROVISION 4080

(24000+16400+700 GIT-3000 INTRA GRP PURCHASES)
TOTAL EQUITY & LIABILITIES 191300
W-1 GROUP STRUCTURE
DARGEBT CO 75%
LATREE CO
1 JAN 20X6
3 MONTHS
W-2 NET ASSETS OF LATREE CO
AT ACQUISITION AT REPORTING POST ACQUISTION

(19000+8000*9/12)
MINE ASSET 4000 4000 0
MINE DEPRECIATION 0 -200 -200
MINE PROVISION -4000 -4000 0
INTEREST ON PROVIS 0 -80 -80
45000 46720 1720
W-3 GOODWILL
CONSIDERATION
_SHARE EXHANGE 32000
(20000*75%*2/3*3.2) INVESTMENT
_LOAN NOTE CONSIDERATION 15000 SHARE CAPITAL
(20000*75%*100/100) SHARE PREMIUM
(20000*25%*1.8) INVESTMENT
FV OF NET ASSET OF LATREE CO AT ACQ W-2 -45000 LOAN NOTE LIABILITY
GOODWILL AT ACQUISITION 11000
P&L
W-4 NCI LOAN NOTE LIABILITY

(20000*25%*1.8)
(1720*25%)
9430
DARGENT CO RETAINED EARNING REPORTING DATE 36000

DARGENT SHARE OF POST ACQ RESERVE 1290
PUP W-6 -800
(2100+700)*40/140
INVESTMENT INCOME FROM AMERY CO 1200
((6000-2000)*30%)
INTEREST ON LOAN CONSIDERATION -300
37390
W-6 GOODS IN TRANSIT & PUP

GOODS IN TRANSIT
INVENTORY 700
PAYABLE 700
INTRA GRP TRADING

PAYABLE 3000
RECIEVABLE 3000
PUP
SALES 2800 140%
COS 2000 100%
PROFIT 800 40%
32000
10000
22000
15000
TE LIABILITY 15000
300
TE LIABILITY 300
ASSETS
NON CURRENT ASSETS

PP&E 476000
(392000+84000)
GOODWILL W-3 32396
CURRENT ASSET 139160

(94700+44650-250 PUP+60 FV)
TOTAL ASSETS 647556
EQUITY
SHARE CAPITAL 190000
REVALUATION SURPLUS 41400
GROUP RETAINED EARNING W-6 209398.3
NCI 15392

DEFERRED CONSIDERATION 25915.68
CURRENT LIABILTIES 165450
TOTAL EQUITY & LIABILITIES 647556
W-1 GROUP STRUCTURE
PARTY CO
80%
STREAMER CO
1 OCTOBER 20X4
12 MONTHS
W-2 NET ASSETS OF STREAMER CO

REVAL SURPLUS 4000 4000 0
FV ADJ-INVENTORY 600 60 0
98600 100560 1960
W-3 GOODWILL
CONSIDERATION 92000
_CASH
_DEFERRED CONSIDERATION 23996
(28000*0.857)
FV OF NET ASSET OF STREAMER AT ACQ -98600
32396
W-4 NCI

NCI SHARE OF POST ACQ W-2 392
15392
PARTY CO RETAINED EARNING AT REPORTING 210000

PARTY CO SHARE OF POST ACQ W-2 1568
UNWINDING OF DISCOUNT -1919.68
(23996*8%)
PUP -250
(1000*25/100)
209398.3
ASSETS W-1 GROUP STRUCTURE
NON CURRENT ASSETS RUNNER CO

PP&E 509500 80%
(455800+44700+10000 FV-1000 DEP) JOGGER CO
OTHER INVESTMENT 12500 1 APRIL 20X4
(55000-42500)
GOODWILL W-3 20446 W-2 NET ASSETS OF JOGGER CO.
CURRENT ASSETS AT ACQUISITION

INVENTORY 37280 EQUITY SHARES 25000
(22000+16000-720 PUP) RETAINED EARNING 19500
TRADE RECIEVABLES 37900 FV ADJ-PLANT 10000
(35300+9000-3000 CIT- 3400 INTRA GRP SALES) EXCESS DEP 0
BANK 7300 PUP
(2800+3000 CIT+1500) (4800*15/100)
54500
624926
W-3 GOODWILL
EQUITY & LIABILTIES
EQUITY SHARES 202500 CONSIDERATION
GROUP RETAINED EARNING W-6 290948.3 _CASH
NCI W-4 14476 _DEFFERED CONSIDERATION
(21000*0.926)
CURRENT LIABILITIES FV OF NCI AT ACQ
TRADE PAYABLES 96000 FV OF NET ASSET OF JOGGER CO AT ACQ
(81800+17600-3400 INTRA GRP PURCHASES)
624926.3
FV OF NCI AT ACQ
NCI SHARE OF POST ACQ RESERVE W-2
RUNNER CO RETAINED EARNING AT REPORTING D

RUNNER CO SHARE OF POST ACQ RESERVE
UNWINDING OF DISCOUNT
(19446*8%)
TS OF JOGGER CO.
AT ACQUISITION AT REPORTING POST ACQUISTION

25000 0
28600 9100
10000 0
-1000 -1000
-720 -720
61880 7380
42500
D CONSIDERATION 19446 INVESTMENT 19446
13000
JOGGER CO AT ACQ -54500
20446
TROLLING INTEREST
13000
ACQ RESERVE W-2 1476
14476
ETAINED EARNING
ED EARNING AT REPORTING DATE 286600

OF POST ACQ RESERVE 5904
-1555.68
290948.3

CRQS Consolidation

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20X3

POLESTAR DATE OF ACQUISITION

WORKING-2 NET ASSETS OF SOUTHSTAR

AT ACQUISITION DATE AT REPORTING DATE

EQUITY SHARES 6000 6000

FV OF NCI AT ACQ 3600

WORKING-5 CONSOLDATED RESERVE

POLESTAR RE AT REPORTING DATE 28500

TOTAL ASSETS 61500

EQUITY AND LIABILITIES

PREMIER DATE OF ACQUISITION

OPENING RETAINED EARNING 3200

THE UREALISED PROFIT IS CALCULATED AS 2M*25/125=$400,000

FV OF NCI AT ACQ 3500 CASH IN TRANSIT

WORKING-5 CONSOLIDATED RESERVE

PREMIER CO. RE AT REPORTING DATE 12300 OTHER INVESTMENT

OTHER COMPREHENSIVE INCOME

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO

(W1) COST OF SALES

(W2) NON CONTROLLING INTEREST

SENTINEL'S POST ACQ PROFIT 33000

NCI @ 25% 7550

(a) INVESTMENT IN AMBRA-CARRYING AMOUNT

(b) PANDAR GROUP

Non Current Asset

Total Assets 114100

Equity Shares 25000

Non Current Liabilities

Total Equity & Liablilities 114100

(W-2) NET ASSETS OF SANDER

AT ACQUISITION AT REPORTING POST ACQUISITION

FV OF NET ASSET AT ACQ 9000

(W-5) GROUP RETAINED EARNING

PICANT RETAINED EARNING 27200

(W-6) INVESTMENT IN ADLER

NON CURRENT ASSET

CURRENT ASSET 35100

EQUITY AND LIABILITIES

NON CURRENT LIABILITIES

Current Liabilities 25700

TOTAL EQUITY AND LIABILITIES 141800

W-1 GROUP STRUCTURE

W-2 NET ASSET OF SARACEN

AT ACQUISITION AT REPORTING POST ACQUISITION

W-4 NON CONTROLLING INTEREST

FV OF NCI AT ACQUISITION W-2 7000

W-5 GROUP RETAINED EARNING

PARADIN RETAINED EARNING AT REPORTING DATE 34900

W-6 COST OF INVESTMENT IN AUGUSTA

NON CURRENT ASSETS

TOTAL ASSETS 128200

EUITY AND LIABILITIES

NON CURRENT LIABILITIES 21500

CURRENT LIABILITIES 19840

W-1 GROUP STRUCTURE

AT ACQUISITION AT REPORTING POST ACQUISITION

W-4 NON CONTROLLING INTEREST

FV OF NCI AT ACQ 7000

W-5 GROUP RETAINED EARNING

PYRAMID RETAINED EARNING AT REPORTING DATE 30200

REMAINING 3200 WILL BE CANCELLED OUT FROM RECIEVABLE/PAYABLES.

W-1 NET ASSET OF GRECA AT ACQUISITION