[benitez]

190 goodwill for B, anybody help out with goodwill for heeny.
Purchase 320
Net assets 362
FV NCI 20% – 72, I think there is an adj for the NCI?

[benitez]

W1 group structure

Minny – 70% bower – 80% heeny
NCI 30%. NCI 44 %

[benitez]

Not sure of the treatment of the inv to associate.

I added the org cost (not FV) plus new consideration plus profits. Thinks the profits were 30% x 18m??

[benitez]

Thanks Seth, if this is correct I may have got lucky…

[benitez]

No impairment of subs is this the correct treatment??

[benitez]

Good shout Funkus, I did think the same regarding the cash flows, also no income statement! Perhaps a SOFP again…predictions were off the mark.
Think there is a lesson there for us all.

[benitez]

@fidget said:
I think you’ll need to wait til they publish the answers online. It’s difficult to say how much marks they they’ve allocated to each working.

6 impairment

[benitez]

How many marks do you reckon the impairment calcs were worth in Q1

[benitez]

Disaster! Q4 Trades in Australasian sector – what was expected here?

Also, the FV of a the decommissioning provision. Used gov bonds to discount but other %s ??

[benitez]

Hi Mike,

Thank you for your reply.

The question was based on the December 2007 paper. Goodwill was calculated separately for the increase of equity interest from an associate to a subsidiary for both a Sub and an associate. I guess the standard has changed since.

Employees relaxation room wasn’t sure what this implied!

Thanks
Brian

[Author]

Posts