Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated cashflow question difficulties
- This topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.
- AuthorPosts
- August 18, 2021 at 11:36 pm #631995
Hello tutor, I’m having difficulties answering this question. Specifically on the goodwill on acquisition, the profit before tax and the share premium.
Here’s the questionThe statement of financial position of Amayanda Ltd as at 31st March 2008 and the consolidated statement of financial position of Amayanda Ltd and it’s subsidiary Buildit as 31st March 2009 are as follows
2009 2008
Assets
Non-current assets
Land and buildings 650000 650000
Plant and machinery 1617500 625000
Goodwill 50000 0Current Assets
Inventory 375000 275000
Trade Recievables 420000 225000
Cash 5000 150000
TOTAL ASSETS 3117500 1925000Equity and liabilities
Equity shares ($10) 675000 500000
Reserves and surplus 1175000 850000
Non controlling interests 175000 0
Long term borrowing 425000 300000
Trade payables 600000 275000
Bank overdraft 67500 0
TOTAL. 3,117,599. 1925000The following information is relevant:
1. Amayanda had acquired 75% of the equity shares of Buildit on 1 September 2008. On that date, assets and liabilities of Buildit were;Non current Assets. 625000
Inventory. 75000
Trade Recievables. 100000
Cash. 125000
Long term borrowing. 125000
Trade payables. 200000Amayanda had paid $500000 to acquire the shares in Buildit. This was made up of an issue if shares valued at $437500. The balance was met from cash. The premium on the issue of shares stood included in the reserves.
2. Depreciation is charged in the consolidated accounts amounted to $125000 as to buildings and as to plant and machinery $100000
3. Amayanda paid an interim dividend of $50000 on 1 march 2009. On the same date Buildit paid an interim dividend of $25000
Required:
Prepare a group statement of cash flows for the Amayanda group for the year end 31 March 2009August 19, 2021 at 10:22 pm #632273Hi,
Consolidated cash flows are not part of the F7 syllabus and are on the SBR syllabus. Can I please ask that you ask Steve on the SBR forum.
Thanks
- AuthorPosts
- You must be logged in to reply to this topic.