Ext

The consolidated Statement of Financial Position on December 31,2022

Father Corp Son Hd Combined DR CR consolidated

$ $ $ $
Assets
current assets
Cash and casheqwivakns 39.000 5.000 44.000 44.000

Trade and other receivables 38.000 18.000 56.000 48.000

-
Receivables : Father Corp 8.000 8.000 (2) 8.000 0

Inventories 55.000 34.000 89.000 89.000

Non -
current assets 0

Deferred tax assets 4.000 4.000 4.000

Investment in 8mltd( 42.0001$ shareateost) 47.000 47.000 (1) 47.000 0

Property , plant and equipment 120.000 50.000 170.000 170.000

Goodwill 5.000 (1) 5.000

Total Assets 303.000 107.000 410.000 360.000

Liabilities &
Equity
Liabilities

Current liabilities

Trade
payable 35.000 20.000 55.000 47.000

Payable 8m Ltd 8.000 8.000 8.000 (d) 0

 Father Corp Son Hd Combined DR CR Consolidated
$ $ $ $
within 12 months
Loans
repayable 12.000 II. 000 12.000

Non - current liabilities 0 0

Deferred tax liabilities 2.000 2.000 2.000

Equity
Shares capital 200.000 60.000 260.000 42.000 (1) 200.000

18.000

Retained earnings 56.000 25.000 81.000 7.500 (* ) 73.500

Non
controlling interests 25.500 25.500
-

Total Liabilities &

Equity 303.000 107.000 410.000 360.000

Goodwill = 47.000-70%+60.000 =
5.000

NCI =
18.0001-7.500=25.500

-
 The condensed statement otprofitorloss on December 31,2022
Father Corp Son Hd Combined DR CR Consolidated
$ $ $
-

Revenue : 100.000 60.000 160.000 145.000

Father sold to Son

,
Son sold out 15.000 20.000 15.000 (3)

Cost of sales 60.000 25.000 85.000 70.000

-
Father sold to Son
,
Son sold out 10.000 15.000 (3) 15.000

Gross profit 40.000 35.000 75.000 7-5.000

Operating expenses 14.000 8.000 22.000 II. 000

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D-rofit before taxation 26.000 27.000 53.000 53.000

Income taxes 5.000 2.000 7.000 7.000

Irofit for the

year 21.000 25.000 46.000 46.000

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Irofit after ( ) 38.500
NCI
majority
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 fomsolidated Financial statement

/
consolidated
$
Assets
current assets
cash and cash equivalents 44.000

Trade and other receivables 48.000

-
Receivables : Father eorp

Inventories 89.000

Non -
current assets

Deferred tax assets 4.000

Investment in 8mHd( 42.0001$ share at cost)

Property , plant and equipment 170.000

Goodwill 5.000

"
' ' "" "

Liabilities &
Equity
Liabilities

Current liabilities

Trade
payable 47.000

Payable 8m Hd

within 12 months
Loans
repayable 12.000

Non - current liabilities

Deferred tax liabilities 2.000

Equity
shares capital 200.000

Retained earnings 73.500

Non
controlling interests 25.500
-

Total Liabilities & Equity 360.000

Consolidated Statement of Irofit or loss at December 31
,
20dL
Consolidated
$
Revenue : 145.000

Father sold to Son

,
Son sold out

cost of sales 70.000

-
Father sold to Son
,
Son sold out

Gross profit 75.000

Operating expenses II. 000

I
Irofit before taxation 53.000

Income taxes 7.000

Irofit for the

year
46.000

Minority interest ( Ncl ) 7.500

Profit after ( ) 38.500

-
NCI
majority
 F- ✗ I
Consolidated Statement of Financial Position at December 31,20dL
Father Corp Son Hd Combined DR CR Consolidated
$ $ $ $ .

Assets
current assets
cash and casheqwivakns 39.000 5.000 44.000 44.000

Trade and other receivables 38.000 18.000 56.000 48.000

-
Receivables : Father Corp 8.000 8.000 (2) 8.000 0

Inventories .
55.000 34.000 89.000 (3) 2.000 87.000

Non -
current assets 0

Deferred tax assets 4.000 4.000 4.000

Investment in 8mltd( 42.0001$ share at cost) 47.000 47.000 11.1) 47.000 0

Property , plant and equipment 120.000 50.000 170.000 170.000

Goodwill 5.000 11.1 ) 5.000

Total Assets 303.000 107.000 410.000 358.000

Liabilities &
Equity
Liabilities

Current liabilities

Trade
payable 35.000 20.000 55.000 47.000

P-ayabkf.fm Ltd 8.000 8.000 8.000 (d) 0

 Father Corp Son Hd Combined DR CR consolidated
$ $ $ $ '

within 12 months
Loans
repayable 12.000 II. 000 12.000

Non - current liabilities 0 0

Deferred tax liabilities 2.000 2.000 2.000

0
Equity
Shares capital 200.000 60.000 260.000 42.000 (1. 1) 200.000

18.000 (1. 2)

Retained earnings 56.000 25.000 81.000 7.500 ( 1.21 72.100

d. 400 (3)
Non -

controlling interests INCI ) ( 1. 2) 25.500

600 (3) 24.900

Total Liabilities & 358.000

Equity 303.000 107.000 410.000

-EBotEEEhGt=50
Goodwill
( 70%+60.000-42.000=5.000
=

NCI = 25.500 -

600 = 04.900

-
Condensed statement otP-rofitorloss.at December 31,2022
Father Corp Son Hd Combined DR CR Consolidated
$ $ $ $
Revenue : 100.000 60.000 160.000 145.000
-

Son sold to Father ,

Father sold out 12.000 15.000 15.000 (3) -

Cost of sales 60.000 25.000 85.000 72.000

-
Son sold -10 Father ,
Father sold out 15.000 10.000 (3) 13.000 -

iii.÷::*:*
Operating expenses
::::::÷
14.000 8.000 22.000
÷:
II. 000

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.

Income taxes 5.000 2.000 7.000 7.000

*of ;tf+ne year a. ooo •* ◦ ◦ a. ooo ↳ 4. ooo

Minority interest ( Ncl ) 6.900

Irofit after ( ) 37.100

NCI
majority
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Consolidated Financial Statement

/
consolidated
$
Assets
current assets
cash and cash equivalents 44.000

Trade and other receivables 48.000

-
Receivables : Father corp 0

Inventories 87.000

Non -
current assets 0

Deferred tax assets 4.000

Investment in 8mHd( 42.0001$ share at cost) 0

Property , plant and equipment 170.000

Goodwill 5.000

Total Assets 358.000

Liabilities &
Equity
Liabilities

Current liabilities

Trade
payable .

Payable 8m Itd 0

within 12 months
Loans
repayable 12.000

Non - current liabilities 0

Deferred tax liabilities 2.000

Equity 0

Shares capital 200.000

Retained 72.100
earnings
Non
controlling interests 24.900
-

Total Liabilities & Equity 358.000

Consolidated Statement of Irofit or loss at December 31
,
2022

Consolidated
$
Revenue :
145.000
-

Son sold to Father ,

Father sold out -

Cost of sales 72.000

-
Son sold to Father ,
Father sold out _

Gross profit 73.000

Operating expenses II. 000

I
D-rofit before taxation 51.000

Income taxes 7.000

Irofit for the

year 44.000

Minority interest ( Ncl ) 6.900

Irofit after ( )
NCI
majority 37.100