W1 Group Structure Paddle Group Cons SOPL 31 Aug 20X4

Paddle Ltd Revenue 3200

Cost of sale -2880
Gross profit 320
Skip Ltd ( Many years ago Dividends rec from skip 0
75% Profit before tax 320
RD 31 Aug 20X4 Tax expense -155
Profit for the year 165

Profit attributable to
- Parent bal fig 155
- NCI 25% of 40 10
165
W1 Group Structure

Z Ltd

X Ltd 60% 1 Jan 20X9

Rd: 31 Dec 20X9

Consolidated SOPL
Revenue 1696
COS -558
GP 1138
Dist cost -240
Admin costs -210
Invest income 0
PBT 688
Tax -156
Profit for the Yr 532 364

Profit attributable to
- Parent bal fig 478.4
- NCI 40% of 134 53.6
532
1 Jan 20X6

31 Dec 20X7

Cost
100
W1 Group Structure Cons SOPL
Revenue 880
Prunes COS (484)
GP 396
Sultanas (75%) Operating exp (143)
Finance costs (3)
Rep Date PBT 250
Tax exp (82)
Profit fr the yr 168
Markup Sales Profit attributable to
33.33 133.33 - Parent bal fig 154
? 16000 - NCI 25% 14
168
Workings
W1 : Inter co sales
Redice 20 from sales and also from COS

W2: URP in inventory

80% of 20,000 16000
URP
3999.7
rounded 4,000

W3: Impairment of GW
Imapirment 5000

Profits will decrease by 5000

Therefore 5000 will be recognised as op exp

W3 Additional dep
Additional dep is 15,000
This will be charged to COS

W4 NCI is at FV
Goodwill impairment will be shared by Parent and NCI

W5 NCI's share in profit for the year

Sultanas profit 80

- Imapirment of GW (NCI is FV) -5

- Additional Depreciation -15
- URP (Sub to Parent) -4
Revised profit 56

NCI shares 25% 14

30 Nov X8

31 Mar X8
W1 Group Strcuture Cons SOPL
Revenue 376,167
Ethos COS (177,867)
GP 198,300
Pathos (75%) Operating exp (88,300)
Investment income 3,200
Rep Date PBT 113,200
Tax (57,067)
W2 : NCI share in profit Profit for the yr 56,133
Pathos profit 32,800
4 Months 10,933 Profit attributable to
Adjustments - Parent 53,400
- NCI 2,733
Revised profit 10,933 56,133

NCI 25% 2,733

W1 Group Structure

Pepper

Salt (70%)
1 July X6 9 Months

Rep date
31 Mar X7
Cons SOPL

Revenue 34,600
COS (18,150)
GP 16,450
Operating exp (10,980)
Investment income 1,650
PBT 7,120
Tax expenses (2,475)
Profit for th year 4,645

Profit attribuatble to
- Parent 4,586 Bal fig
- NCI 59
4,645

W1 Additional depreciation
Excess value 5,000
Life 10 years
Per annum 500
9 Months 375
COS

W2 Inter co sales/purchase
Post period sale (4,400)
COS (4,400)

W3 URP in inventory
Inventory 500
Margin 35% 175

W4 Goodwill impairment
Goodwill 800
Imapirment 10% 80
Op exp
W5 Dividend from salt
Salt dividend 500
Pepper 70% 350
Inter co dividend

W6 NCI share in profit for the year

Profit of Salt 1,100

9 Months 825
Adjustments
- Imp of GW (NCI is FV) (80)
- Add Dep (375)
- URP (Sub to par) (175)
Revised profit 195

Nci 30% 59