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Rain bought 75% of sun on 1/7/04 at cost of £2 million. The NCI was recorded at its fv of £500000.the fv of sun’s net assests as at acqn was £1750000.During the year ended 30/6/05 an impairment of 20% was recognised in relation to the goodwill for sun. From the tensing goodwill at 1/7/05 a 10% impairment has been recorded for the current year.
What is the impairment charge to be included in the consolidated sfp for 30/6/06?
What’s “tensing goodwill”?
Impairment charge does not appear on the statement of financial position!
Does the question not give better guidance as to the basis of the goodwill impairment this year?
From the remaining goodwill I meant and I meant profit and loss. Would I work out the goodwill as normal then 10% from that add to the impairment I have already?
That’s the second question that I was asking you to clarify!
Of the 600,000 remaining goodwill, it could be either 60,000 or 75,000
You have written “from the tensing (remaining) goodwill a 10% impairment has been recorded” so I can only assume that that means 60,000
But it’s a poor and highly ambiguous question. Where is it from?
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