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NCI at fair value

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › NCI at fair value

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by myacca1990.
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  • February 15, 2017 at 6:27 pm #372573
    myacca1990
    Participant
    • Topics: 153
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    • ☆☆☆

    P investment in S is $68000 and S share capital per $1 is $50,000.Before the acquisition the value per share of S was $1.6.P acquired 75% of shares in S.

    Good will

    Consideration transferred 68000
    Fair value(12500*$1.60) 20000
    Net assets of S at acquisition(50000+15000) (65000)
    Goodwill =23000

    Now i am thinking how that 12500 share calculation came from ?? The non controlling interest is 25% means that means $68000/1.6=42500 shares and 42500*25%=10625 shares right ?Can someone please explain this?

    February 15, 2017 at 8:03 pm #372595
    Anonymous
    Inactive
    • Topics: 29
    • Replies: 429
    • ☆☆☆

    Share Capital of S per $1 is 50,000, so that means there are 50,000 shares.

    NCI’s shares are 25% of 50,000, which is 12,500 shares.

    February 16, 2017 at 5:59 am #372633
    myacca1990
    Participant
    • Topics: 153
    • Replies: 164
    • ☆☆☆

    @suf23 said:
    Share Capital of S per $1 is 50,000, so that means there are 50,000 shares.

    NCI’s shares are 25% of 50,000, which is 12,500 shares.

    All clear mate thanks for the clarification 🙂

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