Step 7: Profit or loss attributable to owners of parent and NCIs Owners of A NCI in B NCI in C Consolidated A's profit before FV

C Consolidated A's profit before FVA (Step6) 320,000 N/A N/A 320,000 Share in B’s profit before FVA (c) 78,080 19,520 97,600 Share in C’s
78,080 19,520 97,600 Share in C’s profit before FVA (d) 41,552 43,248 84,800 Depreciation of FVA ( - ) ( - ) ( - ) ( - ) Goodwill impairment (
- ) ( - ) ( - ) Goodwill impairment ( - ) ( - ) ( - ) ( - ) Totals 439,632 19,520 43,248 502,400 (c) Shares in B’s profit before FVA (Step 6 ): (₱97,6
profit before FVA (Step 6 ): (₱97,600 x 80%); (₱97,600 x 20%) (d) Shares in C’s profit before FVA (Step 6): (₱84,800 x 49%); (₱84,800 x 51%
: (₱84,800 x 49%); (₱84,800 x 51%) Requirement (b): Consolidated financial statements Consolidated statement of financial position As at
atement of financial position As at December 31, 20x 1 Investments in associates (Step 1A) 582,400 Other assets (800,000 + 480,000 + 32
er assets (800,000 + 480,000 + 320,000) 1,600,000 Goodwill (60,000 + 240,000) (Step 3) 300,000 Total assets 2,482,400 Liabilities (280,00
ssets 2,482,400 Liabilities (280,000 + 392,000 + 328,000) 1,000,000 Share capital (A only) 480,000 Retained earnings (Step 5) 719,632 Ow
ned earnings (Step 5) 719,632 Owners of parent 1,199,632 Non-controlling interests (Step 4)