- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
- Posts
Sir, when you calculated the pre-acquisition of the net asset of the subsidiary just to subtract the figures from the retained earning as per question to arrive at the post-acquisition, i see you do not add the share capital, does that mean if i there was share premium , revaluation surplus , we will not also add them as part items of the pre-acquisition so that we can arrive at the post-acquisition retained earnings of the group?
No, it doesn’t mean that at all
Point 1, in F7 there will be no post-acquisition share issue by the subsidiary so neither the share capital nor the share premium account will have changed since acquisition date
As for revaluation reserve, if that has changed since acquisition date, then I DO include that change within the calculations of post acquisition retained for the subsidiary
OK?
- The topic ‘Consolidation of FS’ is closed to new replies.