=+3. The dividend received from Club Limited has not yet been incorporated in the draft statement of comprehensive income of Golf Limited. All other dividends have been accounted for by Golf Limited.

564 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Requirement Prepare the consolidated statement of comprehensive income of Golf Limited for the year ended 30 June 1992 in a form suitable for publication.

vQuestion 3 The summarised statements of financial position of Gold Limited, Silver Limited and Bronze Limited as on 30 November 20X3 were as follows: \

Gold Limited Silver Limited Bronze Limited

& € a Assets Non-current assets Property, plant and equipment 100,000 70,000 50,050 Investment in Silver 100,000 a =

Investment in Bronze 30,500 = =~

230,500 \. 70,000 50,050 Current assets Inventory 26,500 36,000 10,000 Receivables 83,750 125,000 36,300 Cash at bank 2,000 25,000 4 Cash on hand 100 = =

Current accounts: Gold Limited = = 2,500 Silver Limited 1,000 = —-%

Bronze Limited = 650 =

11 0 186,650 48,800 Total Assets 343,850 256,650 98,850 Equity and Liabilities Equity Ordinary share capital (50 cents) 50,000 100,000 25,000 Share premium account 10,000 - -

Capital reserve 61,500 59,250 5,000 Other reserves 35,000 5,000 10,000 Retained profits 26,450 45,300 15,000 Total equity 182,950 209,550 55,000 Current liabilities Payables 120,900 31,600 21,200 Bank overdraft 27,500 15,000 Taxation 10,000 15,000 7,000 29. ASSOCIATES 565 Current accounts: Gold Limited _ 500 =

Silver Limited = = 650 Bronze Limited 2,500 _ ~—

Total Liabilities 160,900 47,100 43,850 Total Equity and Liabilities 343,850 256,650 98,850 Additional Information