ABC Group Consolidated Statement of Financial Position as at 1 January 2017 (Rs.’000) ABC XYZ Adjustments Group Non-Current Assets PPE
30,000
35,000
5,000 (A)
70,000
Investment
50,000
-
-50,000 (B)
-
Goodwill**
10,000 (D)
10,000
Current Assets 45,000
35,000
80,000
Total Assets 125,000 70,000 160,00 Equity Ordinary Share Capital
80,000
40,000
-30,000 (B)-10,000 (C)
80,000
Retained Earnings
25,000
10,000
-7,500 (B)-2,500 (C)
25,000
Fair value adjustment
5,000 (A) -3,750 (B)-1,250 (C)
-
NCI
15,000 (C)
15,000
Current Liabilities 20,000
20,000
40,000
Equity and Liabilities 125,000 70,000 160,000 **Goodwill attributable to the NCI = 15,000 - 13,500
= 1,500
**Goodwill attributable to the Parent = 8,500 NCI at reporting date To measure NCI at the reporting date, the post-acquisition share of net assets attributable to the NCI
should be added to the NCI at the date of acquisition.
The following format can be used to calculate the post-acquisition share of net assets attributable to the
NCI
Net Assets
Acquisition Date
Reporting Date
Share Capital
XX
XX
Retained Earnings
XX
XX
Fair value Changes
XX
XX
Total Net Assets
XXX
XXX
NCI at the date of acquisition (1)
XX
Post-acquisition share of Net assets
attributable to NCI [ (total net assets at
reporting date-total net assets at
acquisition date) x % of NCI] (2)
XX
NCI at the reporting date (1+2)
XXX
