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SBRDisposal of sub-subsidiary

MMaksim5y ago
Group structure: A holds 60% in B, B holds 100% in C. A bought 60% share in B few years ago, when B already had 100% share in C. 31 March 201X B sold 100% share in C for 35 000 $, net assets of C at date of transaction were 10 000$, goodwill related to C in A’s consolidated FS 12 000$. How this transaction will affect SCE in A’s consolidated FS? My calculations: Profit: Fair value of consideration received – net assets + NCI – goodwill 35000-10000+4000-12000 = 17 000$ Group share of profit from transaction: (35000-10000) *60%-12000(as goodwill fully related to group)=3000$ NCI share of profit from transaction: 17000-3000 = 14000$ Disposal of subsidiary with NCI: Net assets of C at disposal * NCI 10000*((1-60%)*100%)= (4000) Summary: Two rows in SCE: Profit: Column “Retain earnings” – 3000; Column “NCI” – 14000 Disposal of subsidiary with NCI: Column “NCI” – (4000) Total changes in equity of A after transaction is 13 000$ Please help, Am I right in calculations? V.2 No disposal of NCI and profit from transaction is 13 000$.
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