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karimsellim

Profile picture of karimsellim
Active 10 years ago
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Viewing 5 posts - 1 through 5 (of 5 total)
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  • December 8, 2010 at 6:18 pm #72570
    mysterykarimsellim
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    and how the consolidated figure of the retained earnings will be calculated according to your way please?

    December 8, 2010 at 2:09 pm #73270
    mysterykarimsellim
    Member
    • Topics: 2
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    Is the above proforma right?

    December 8, 2010 at 2:07 pm #72568
    mysterykarimsellim
    Member
    • Topics: 2
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    I am still confused about it please could you check on me for the steps i am doing

    step (1) i translate all the foreign subsidiaries balance sheet items (excluding equity items) at the currency rate at reporting date

    – the translated foreign subsidiary equity will be a balancing figure = ( translated foreign subsidiary assets(LESS) translated foreign subsidiary liabilities)
    -Post acquisition Retained earnings of the parent company in the subsidiary that will be included in consolidation = total translated foreign subsidiary equity (LESS) cost of investment of the parent company in foreign subsidiary

    Step (2) translate the foreign subsidiary p/L figures at the average currency rate during the period

    Step (3) bring the foreign subsidiary beginning equity balance at the beginning of the year (then) translate it at currency rate at the end of previous year (ADD) on it the translated profits calculated in step 2 above = expected translated equity at the end of reporting year

    step (4) compare the expected translated equity at the end of reporting year calculated in step (3) and compare it with the balancing figure of the equity which was calculated in step (1) = For ex gain or (loss)

    December 8, 2010 at 2:05 am #72566
    mysterykarimsellim
    Member
    • Topics: 2
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    Kindly could you please tell me how i would deal with the retained earnings in foreign subsidiaries?

    December 8, 2010 at 12:18 am #73269
    mysterykarimsellim
    Member
    • Topics: 2
    • Replies: 5
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    kindly i want to ask
    Is the net assets of the disposed subsidiary that i must include in the proforma for calculation the group disposal gain or loss from the subsidiary disposal,is is

    Net assets of the subsidiary at disposal date? OR

    (Net assets of the subsidiary at disposal date)*(Parent’s share portion % in the subsidiary before the disposal)?

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Viewing 5 posts - 1 through 5 (of 5 total)

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