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Plastik Co 2014

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Plastik Co 2014

  • This topic has 0 replies, 1 voice, and was last updated 3 months ago by Annora.
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  • March 2, 2022 at 11:04 pm #649687
    Annora
    • Topics: 6
    • Replies: 5
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    Hi sir, the last question of it is about the consolidated statement of P/L, and when it comes to calculate the “Profit for the year attributable to: Owners of the parent and Non-controlling interest” the answer used $900 x NCI% (the net asset of Subtrak at post acquisition) and it is different from the TCI amount that I calculated from the following chart which is $865, please correct me if there are anything wrong. thank you!

    Plastik Co Subtrak Co Adjustment Group
    $’000 $’000 $’000 $’000
    Revenue 62600 22500 -2700 82400
    Cost of sale -45800 -18000 2700 -61100
    PUP -120 -120
    Depreciation -100 -100
    Gross profit 21080
    Distribution cost -2000 -900 -2900
    Administrative -3500 -1350 -4850
    expenses
    Impairment -500 -500
    Finance cost -200 -135 -335
    Profit before tax 12495
    Income tax expense-3100 -750 -3850
    Profit for the year 865 8645

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