Plastik Co

(a) Goodwill $'000 $'000 (b) - i

Consideration
Share 14400
Deferred consideration 1800
Non controlling interest 4500
20700
Less: Fair value of Net Asset at the date of acquisition
Equity 9000
Pre Retainted Earning 2000
Fair value adj:
Property 4000 -15000
Goodwill at acq date 5700
 C
Group Retained Earning $'000 (b)- ii Non -Controlling Interest $'000
Parent's Retained Earning 6,300 NCI at the date of acq 4,500
Subsidiary's Retained Earning 720 Subsidiary's Post Retained Earning 180
4,680
FV adjustment:
Interest on deferred consideration (135)
Unrealised profit on Inventory 120
7,005
 Plastik Co. W1
Statement of Profit or Loss and Other Comprehensive Income
for the year ended 30 September 20X9 $'000
Revenue 82400
Cost of sale -61320
Gross Profit 21080
Distribution Costs -2900
Administrative Expenses -5350
Finance Costs -335
Profit before tax 12495
Income tax expense -3850
Profit for the year 8645
Other Comprehensive Income:
Gain on revaluation of property 2100
Total comprehensive Income 10745

Profit attributable to
Owner of the parent 8465
NCI -180
8645
Total Comprehensive income attributable to
Owner of the parent 10445
NCI -300
10745
 Revenue Cost of sale Distributuion Administrative Finance
$'000 $'000 $'000 $'000 $'000
Parent 62,600 45,800 2,000 3,500 200
Subsidiary 22,500 18,000 900 1,350
85,100 63,800 2,900 4,850 200
Interest on deferred consideration 135
Extra Depreciation on Propety 100
Intra Group Sale (2,700) (2,700)
Unrealised profit on Inventory 120
goodwill impairment 500
82,400 61,320 2,900 5,350 335
Income tax W2 Subsidiary's Profit Post Profit Post TCI
$'000 $'000 $'000
3,100 Post Profit 1,500 1,500
750 Extra Depreciation on Propety (100) (100)
3,850 Post revaluation reserve 600
goodwill impairment (500) (500)
900 1,500
Attributable to NCI 180 300

3,850