CS P & L

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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May 25, 2016 at 5:14 pm #317092

nightingale123
Participant

Hi Mike,

Hope you are doing well.

Could you please help with this :

NCI’s – CSPL
Profit after tax 100
Dep’n (20 × 1/10) (2)
PURP (W7) (4)
–––––
94
NCI share × 30% 28.2
Impairment (30% × 35) (10.5)
–––––
17.7

This calculation of NCI’s CSPL from Kaplan book. Coul you please help with from where came 35 in the end of calculation?

This chapter “Consolidated Statement of Profit and Loss”-Kaplan book:

Test your understnading # 4.

If you need the whole question, please let me know I will post it.

May 25, 2016 at 6:34 pm #317103

MikeLittle
Keymaster

I don’t have the question but this looks like an impairment of goodwill with 35% allocated to the nci

If that’s not right give me the name of the question and I’ll see if I can find in on the internet

Otherwise, it’ll have to be copying it all out
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