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Goodwill, NCI and group retained earnings

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Goodwill, NCI and group retained earnings

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • March 27, 2021 at 7:12 pm #615347
    shah19888888
    Member
    • Topics: 18
    • Replies: 10
    • ☆

    HI Sir,

    In the video when calculating NCI percentage of post acquisition share of profit, the approach of 20% of $15m was taken; however I would have thought the $15m contains exchange differences e.g. G/will that would not be attributable to NCI as it is proportionate goodwill.

    regards

    March 28, 2021 at 11:41 am #615358
    Stephen Widberg
    Keymaster
    • Topics: 11
    • Replies: 2837
    • ☆☆☆☆☆

    Post acq profits is really post acq reserves (profits and XD) – however it is right that the NCI get their share of XD on Net Assets.

    Bur change in NA will not include goodwill which is separate. As you say NCI should not get share of XD on goodwill

    For the exam it is likely that you will be asked for goodwill and XD shown in OCI. If you can sort out those 2 numbers, that’s the main thing.

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