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F7 - CSFP

  1. What is working 1
    Group structure
  2. What is working 2
    Net assest of a subsidiary
  3. What are the 3 columns in working 2
    • 1. At Acquisition
    • 2. A reporting date 
    • 3. Post acquisition
  4. What rows may be included in working 2
    • Share Capital
    • Share Premium
    • Retained Earnings 
    • FV adjustment
    • - FV depreciation
    • - PURP (sub = seller)
    • Uniform accounting policy adjustment
  5. What is working 3
    Goodwill
  6. What are the rows of working 3
    • + Parent holding at FV (investment = consideration, share for share and/or deferred consideration)
    • + NCI value at acquisition (different depending on FV or proportion of NA metthod)
    • - FV of NA at aqcuisition (from W2)
    • =Goodwill on acquisition
    • - Impairment
    • = Carrying goodwill
  7. What figure do you use for the NCI value @ acquisition for the FV method and the Proportion of NA method
    • FV - FV of NCI holding at acquisition (no. of NCI shares @ sub share price)
    • Proportion of NA - NCI % x FV of NA @ acq (W2)
  8. What is working 4
    • + NCI value at acq (as W3)
    • + NCI% of post acq reserves (from W2)
    • - NCI% of impairment (FV method only)
  9. What makes up working 5
    • + Parent retained earnings 
    • - P% of impairment
    • + P% of S post acq profit
    • + P% of A post acq profit
    • - Impairment of associate 
    • - PURP- SUB (P = seller)
    • - Unwinding of the discount (deferred consideration)
    • - Acquisition costs
    • - PURP - ASSOC (P or A = seller)
  10. What makes up working 6
    • + Cost of investment
    • + P's share of assoc post acq profit
    • - Impairment
    • - PURP (P = Seller)
Author
jonochall
ID
184259
Card Set
F7 - CSFP
Description
6 Workings for consolidations
Updated

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