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Can I know why the
note i) say that the policy of the plastik group is to revalue all properties to fair value at each year end.On 30 sep 2014,the increase in plastik’s property has already been recorded,however,a futher increase of 60,000 in the value of subtrak’s property since its value at acquisition and 30sep 2014 has not been recorded.
WHy the 600,000 only add in NCI and not both in RE and NCI?At what scenario the figure need to put inside the OCI?
What’s the figure just above $10,745 total comprehensive income in part (a) of the answer?
ya..the gain on revaluation is1500+600..but i confuse that when we doing conso, only the acquisition of subsidiary’s asset at the post period,can include in the OCI?
but when doing financial stmt,all the asset which revaluation one can put inside the OCI no matter is post or pre?You’re definitely confused! The $1,500 element of the $2,100 is the gain on the revaluation of Plastik’s property
That, together with the post acquisition element of the gain on Subtrak’s property gives you the $2,100
so u mean only post acquisition of the gain on subsidiary can put in the oci?the pre acquistion of subsidiary cannot…?
Correct. The pre-acquisition gain is included within the goodwill calculation as past of the fair value of subsidiary net assets at date of acquisition
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