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Group accounts

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Group accounts

  • This topic has 4 replies, 2 voices, and was last updated 7 years ago by tre34yunb.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • June 3, 2018 at 11:04 am #455737
    tre34yunb
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    Hello, everyone!
    Can anyone make it clear for me why the NCI in question mentioned below is equal to 44% and so the Parent share is 56% only? (this is Q24 Minny Group of Becker Resivion Questions bank).

    In the question:
    “On December 2015, P acquired 80% of the equity interests of S for a cash consideration of $320m. The fair value of a 20% holding of the non-controlling interest was $72m; a 30% holding was $108m and 44% holding was $161m:

    In the answer to this question they calculate goodwill as $320m + $161m – (30%*$320m) – net assets. And consequently later in RE and NCI calculations they use 56% share for the Parent and 44% share for the NCI.

    Is this a mistake in the answer (mb caused by old version of that question) or I am just doing smth wrong?

    Thank you in advance!

    June 3, 2018 at 4:02 pm #455793
    tre34yunb
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    up
    smb, please, help(

    June 3, 2018 at 4:11 pm #455795
    dsrdbx
    Member
    • Topics: 5
    • Replies: 13
    • ☆

    It’s not a mistake, it’s a complex D shaped group.

    70%×80% = 56%
    The 44% is therefore NCI.

    Hope it helps.

    June 3, 2018 at 4:13 pm #455796
    dsrdbx
    Member
    • Topics: 5
    • Replies: 13
    • ☆

    I’m trying to get through other questions but there’s just too much and not got a good feeling for exam.

    Nearly giving up on this its so frustrating.

    June 3, 2018 at 4:59 pm #455802
    tre34yunb
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    so what about this sentence?
    “P acquired 80% of the equity interests of S”

    doesn’t it mean that it is a vertical structure?

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