www.kaplanpublishing.co.uk Section Introducing the group statement of profit or loss and other comprehensive income Answer Penguin $ Revenue 400,000 plus (300,000 x 6/12) less intercompany 50,000 Cost of sales 200,000 plus (150,000 x 6/12) less intercompany 50,000 plus depreciation 10,000 plus impairment loss 4,000 plus purp (50,000 x 3/4 x 20%) = 7,500 Profit for the year attributable to the NCI NCI in the Profit for the year (40% x 50,000 x 6/12) Less the NCI% in the FVA deprecation (40% x 10,000) Less the NCI% in the (full) goodwill impairment loss (40% x 4,000) (P = seller; so no purp adjustment in NCI) $ 500,000 (246,500) 10,000 (4,000) (1,600) 4,400 A student's guide to Group Accounts by Tom Clendon, Second Edition, published by Kaplan Publishing www.kaplanpublishing.co.uk Section Introducing the group statement of profit or loss and other comprehensive income Answer Ostrich $ Revenue 400,000 plus (200,000 x 6/12) less intercompany 60,000 Cost of sales 200,000 plus (100,000 x 6/12) less intercompany 60,000 plus depreciation 20,000 plus impairment loss 8,000 plus purp (60,000 x 3/4 x 50/150) = 15,000 Loss for the year attributable to NCI NCI in the profit for the year (25% x 50,000 x 6/12) Less the NCI% in the FVA deprecation (25% x 20,000) Less the NCI% in the (full) goodwill impairment loss (25% x 8,000) Less the NCI% in the purp adjustment as subsidiary is the seller (25% x 15,000) Total comprehensive loss attributable to the NCI Loss for the year attributable to the NCI NCI% in the subsidiary's revaluation gain (25% x 10,000) $ 440,000 (233,000) 6,250 (5,000) (2,000) (3,750) (4,500) (4,500) 2,500 (2,000) A student's guide to Group Accounts by Tom Clendon, Second Edition, published by Kaplan Publishing ... 60,000 plus depreciation 20,000 plus impairment loss 8,000 plus purp (60,000 x 3/4 x 50/150) = 15,000 Loss for the year attributable to NCI NCI in the profit for the year (25% x 50,000 x 6/12) Less... (full) goodwill impairment loss (25% x 8,000) Less the NCI% in the purp adjustment as subsidiary is the seller (25% x 15,000) Total comprehensive loss attributable to the NCI Loss for the year attributable...www.kaplanpublishing.co.uk Section Introducing the group statement of profit or loss and other comprehensive income Answer Ostrich $ Revenue 400,000 plus (200,000 x 6/12)