Consolidated statement of financial position
31 March 20X5
Alpha Beta
Assets
Non-Current assets
Property, Plant and Equipment 380,000 185,000
Investment in Equity instruments 170,000
Goodwill
550,000 185,000
Current assets
Inventories 90,000 65,000
Trade receivable 100,000 50,000
cash and Cash equivalent 35,000 20,000
Total Current assets 225,000 135,000
Total assets 775,000 320,000
Equity and liabilities
Equity
Share Capital ($ share) 200,000 100,000
Retained earning 160,000 80,000
Other component of equity 70,000 20,000
430,000 200,000
Non-controlling interest
Total Equity 430,000 200,000
Non-current liabilities
Long term borrowing 200,000 20,000
Deferred tax 20,000 10,000
Total Non-Current liabilities 220,000 30,000
Current liabilities
Trade and other payable 85,000 60,000
Deferred consideration
Current tax payable 40,000 30,000
Total current liabilities 125,000 90,000
Total liabilities 345,000 120,000
Total Equity and liabilities 775,000 320,000
- -
Adj Consolidation
W1 Investment in Beta
1 April 20X3
15,537 580,537 ✓
(170,000) -
46,800 46,800 ✓ Deferred consideration
(107,663) 627,337
(4,000) 151,000 ✓
150,000 ✓ W2 Bet's net assets
55,000 ✓
(4,000) 356,000 Share Capital ($ share)
(111,663) 983,337 ✓ Retained earning
Other component of equity
Revolution PPE
(100,000) 200,000 ✓ Deferred Tax
(97,843) 142,157 140216 1,941
1,353 91,353 76560 14,793
(196,490) 433,510
42,880 42,880 ✓
(153,610) 476,390
(21,353) 198,647 W3 Non Controlling interest
3,600 33,600 ✓
(17,753) 232,247
145,000 ✓
60,500 60,500 ✓
(4,400) 65,600 W4 Goodwill
56,100 271,100 Consideration
38,348 503,348 Deferred Consideration
(115,263) 979,737 Non Controlling interest
(3,600) (3,600)
Net assets at Acquision
Goodwill
W5 Retained Earning
Alpha
Beta Share
Unrealized profit
Interest deferred tax
Adj Assets interest and dep
Adj convertible loan
Tax on unrealised
Acquisition cost
W6 Other component
W7 Power Plan
1 Aug 20X4
1 July 20X4
Loan
interest 8%
W8 Convertible loan
1 April 20X4
31 March 20X9
5
Principle loan
Interest
80,000 Consideration 160,000
80% Acquisition cost 10,000
1 April 20X3 66,550 31 March 20X6
31 March 20X4 5,000 75.132 10% 55,000
31 March 20X5 5,500 0.7513 60,500
6,050 50,000 66,550
At Acquision Date At report date
100,000 100,000
60,000 80,000
20,000 20,000
30,000 18,000
(6,000) (3,600)
204,000 214,400
10,400
Proportion 40,800
2,080
42,880
160,000
50,000
40,800
250,800
(204,000)
46,800
160,000
8,320
(4,000)
(10,500)
(2,463)
800
(10,000)
142,157
70,000
70,000
60,000 Completed 30 November 20X4 60,000 60,000
10 Years 3,600 1,600
63,600 61,600
60,000 6,360 6,160
4,800 1,600 (1,590) (2,053)
61,600 6,160 2,053.33 62,010 59,547
2,463
80,000 5% 4,000 31 March 20X5
5% 7% 5% 7%
80,000 80,000 0.784 0.713
4,000 5,600 4.329 4.4
Convertible loan
5% 7%
62,720 57,040
17,316 24,640
80,036 81,680
3,136.00 3,992.80
864.00 1,607.20
