J19 Carbise

Sir examiner has written following 2 paragraphs

The net assets of Bikelite would have been retranslated each year at the closing rate of exchange. There is therefore an exchange difference arising each year by comparing the opening net assets at the opening rate of exchange with the opening net assets at the closing rate of exchange. An additional exchange difference arises through the profit or loss of Bikelite each year being translated at the average rate of exchange in the consolidated statement of comprehensive income. The profit or loss will increase or decrease the net assets of Bikelite respectively which, as is indicated above, will be translated at the closing rate of exchange within the consolidated statement of financial position.

As with goodwill, the exchange differences are included within equity with 80% attributable to the shareholders of Carbise and 20% to the NCI. Cumulative exchange differences will
be included within the consolidated statement of financial position with just current year differences recorded within other comprehensive income.

Sir instead of above paragraphs if I write following paragraphs then would it be fine:

Foreign exchange difference arise when translating Bikelite into presentation currency of group because

GW is retranslated at closing exchange rate every year
Opening net assets are retranslated at closing exchange rate every year
Profit FTY is translated at average rate but net assets are translated at closing rate

Exchange difference arising on retranslation of net assets and goodwill ate recognized in OCI and held in equity. Only current year exchange differences would be recorded in OCI whereas cumulative exchange difference would be recorded within equity

Exchange difference arising on retranslation of opening net assets and profit are apportioned 80% /20% between owners of carbise and NCI repectively

Exchange difference arising on translation goodwill are apportioned 80% /20% between owners of carbise and NCI repectively