The document discusses the acquisition dates and ownership percentages of subsidiaries S1 and S2. S1 was acquired on January 1, 20x1 and S2 was acquired on December 31, 20x1. Goodwill and non-controlling interests are calculated separately for each acquisition. The ownership percentages of the parent company and non-controlling interests are provided for each subsidiary. A summary of the net assets of S1 and S2 is presented at both the acquisition and consolidated dates.
The document discusses the acquisition dates and ownership percentages of subsidiaries S1 and S2. S1 was acquired on January 1, 20x1 and S2 was acquired on December 31, 20x1. Goodwill and non-controlling interests are calculated separately for each acquisition. The ownership percentages of the parent company and non-controlling interests are provided for each subsidiary. A summary of the net assets of S1 and S2 is presented at both the acquisition and consolidated dates.
The document discusses the acquisition dates and ownership percentages of subsidiaries S1 and S2. S1 was acquired on January 1, 20x1 and S2 was acquired on December 31, 20x1. Goodwill and non-controlling interests are calculated separately for each acquisition. The ownership percentages of the parent company and non-controlling interests are provided for each subsidiary. A summary of the net assets of S1 and S2 is presented at both the acquisition and consolidated dates.
Total The acquisition dates of the subsidiaries are J anuary 1, 20x1 for S 1 and December 31, 20x1 for
S 2. Goodwill and NCI on
, 20x1 for S 2. Goodwill and NCI on each of S1 and S2 shall be computed separately on their respective acquisition dates. Their pre-acquisi cquisition dates. Their pre-acquisition and post-acquisition reserves are also calculated from these dates. The controlling interests and NC s. The controlling interests and NCI’s are summarized below: S 1 S 2 Owners of P 80% 48% NCI 20% 52% Total 100% 100% Step 2: Analysis Total 100% 100% Step 2: Analysis of net assets S1 S 2 Acqn. Cons. Net Acqn. Cons. Net Share capital 3 Date 0 3 Date0 20,00 20,00 change ate 0 3 Date0 20,00 20,00 change Date 200,000 Date change Ret. earnings 120,000 208,000 112,000 112,000 Totals at carrying amts. FVA 2,000 Totals at carrying amts. FVA at acquisition date 440,000 - 528,000 - 312,000 - 312,000 - Depreciation of FVA NIL - NIL - Net assets at ion of FVA NIL - NIL - Net assets at fair value 440,000 528,000 88,000 312,000 312,000 - Step 3: Goodwill computation Consideration tran l computation Consideration transferred (given) 400,000 200,000 Indirect holding adjustment (₱200,000 x 20%) (40,000) Less: Prev. held 0 x 20%) (40,000) Less: Prev. held equity interest in the acquiree - - Total 400,000 160,000 Less: P's proportion