FRConsol. Statement of Changes in Equity BBP Revision Kit Q 32

Hi! The 230 comes from (Boo Retained Earnings) 500 less (Boo Profit for Year) 270. They have a 80% stake in Goose so 80% is taken of Goose's Retained Earnings less Profit for the Year which is ((240 - 55) * 80%) = 148

Then the 230 is added to the 148 to get the opening retained earnings of 378.

Hope this helps! I'm not great at explaining things! Good luck tomorrow! :)

@nibhiadha said:
Hi! The 230 comes from (Boo Retained Earnings) 500 less (Boo Profit for Year) 270. They have a 80% stake in Goose so 80% is taken of Goose's Retained Earnings less Profit for the Year which is ((240 - 55) * 80%) = 148

Then the 230 is added to the 148 to get the opening retained earnings of 378.

Hope this helps! I'm not great at explaining things! Good luck tomorrow! :)

Thanks this realllllly helps alot! Am I to gather that in any given scenario, where the question gives no additional information, I calculate opening retained earnings in this way?