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Group SPL – Example (MYA) – ACCA Financial Reporting (FR)


Reader Interactions

Comments

  1. Jock774 says

    May 15, 2022 at 7:54 pm

    why dont we take 80% of impairment?

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    • Ashvin5 says

      May 23, 2022 at 1:21 am

      That’s what I was thinking too. My logic is that the parent has a share of the goodwill that is being impaired as well. So why is the subsidiary suffering the whole impact of the impairment?

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      • Ashvin5 says

        May 23, 2022 at 11:21 am

        The figure 20 should be on the SPL because we’re consolidating all the costs but when it comes to attributing the profit, I think it should be different. 80% of impairment costs charged to the Parent and 20% of impairment costs to the NCI.

      • Ashvin5 says

        May 24, 2022 at 10:41 am

        My bad. If you put in the subsidiary’s column, at the end of they day you’re allocating only 20% to NCI and the other 80% goes to the group. So the method done by Chris is good.

    • Mabugabal says

      November 26, 2022 at 1:30 pm

      I think it is the Same Logic exactly as with Revaluation Gain. It happens at a point in time

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  2. diamond783 says

    March 17, 2021 at 6:36 pm

    Happy with that, well explained. Thank you 🙂

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  3. m900 says

    March 2, 2021 at 8:09 pm

    i hate liverpool fc hahahahaha sorry sir

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  4. peesto says

    September 3, 2020 at 12:59 pm

    Well Explained

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  5. vin96 says

    January 22, 2020 at 8:57 am

    Well explained. Thank you Sir

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  6. catti says

    November 11, 2019 at 10:24 am

    Don’t we pro rate the dividend income from subsidiary ? Since we have acquired the sub mid way through the year. Doesn’t that make us entitle to only 6m dividends which then are deducted in adjusting the investment income ?

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    • incepaul says

      July 25, 2020 at 7:31 pm

      No – who ever owns the share(s) on the date they go ex-dividend is entitled to the whole amount of dividend per share that has been declared and approved.

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    • megaziz says

      August 3, 2020 at 12:03 am

      Dividend income occurs at a point in time not over time like revaluation gain, as such it is purely based on shareholding% in the company. Date of acquisition for dividend income is quite irrelevant for consol.

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