1.What is the goodwill figure to be included in House plc's consolidated statement of financial position as at 31 December 2018?

A.10,000,000

B.Nil

C.7,500,000

D.20,000,000

2. What is the figure for non-controlling interests (NCI) to be included in House plc's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2018?

A.1,398,000

B.8,000,000

C.5,591,000

D.13,591,000

3. What is the figure for non-controlling interests (NCI) to be included in House plc's consolidated statement of financial position as at 31 December 2018?

A.12,334,000

B.8,333,000

C.41,667,000

D.5,584,000

4. What is the figure for consolidated retained earnings (excluding any foreign exchange gain or loss) to be included in House plc's consolidated statement of financial position as at 31 December 2018?

A.17,500,000

B.54,334,000

C.30,412,000

D.98,667,000

5. What is the foreign exchange translation reserve to be included in House plc's consolidated statement of financial position as at 31 December 2018?

A.1,117,000 debit balance

B.838,000 debit balance

C.838,000 credit balance

D.1,117,000 credit balance

6. What is the total revenue (sales) figure in House plc's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2018?

A.80,000,000

B.41,118,000

C.142,500,000

D.121,118,000

7. What is the total cost of sales figure in House plc's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2018?

A.21,382,000

B.75,000,000

C.42,500,000

D.63,882,000

8. What is the total trade receivables figure in House plc's consolidated statement of financial position as at 31 December 2018?

A.31,500,000

B.25,667,000

C.14,000,000

D.11,667,000

9. What is the total trade payables figure in House plc's consolidated statement of financial position as at 31 December 2018?

A.7,500,000

B.14,167,000

C.17,500,000

D.6,667,000

Martins Inc., a Russian company, carries out its day-to-day operations in Russian rubles (RUB) and acts independently of House plc. On 1 January 2011, House plc purchased 11,250,000 shares in Martins Inc. when the retained earnings of Martins Inc. were RUB5,000,000. The fair value of the net assets of Martins Inc. on 1 January 2011 was the same as their book value. The draft statements of profit or loss and other comprehensive income for the year ended 31 December 2018 of House plc and Martins Inc., together with their draft statements of financial position as at that date, are shown below. Draft Statements of Financial Position as at 31 December 2018 House ple Martins Inc. '000 '000 RUB'000 RUB'000 ASSETS Non-current Assets Property, plant and equipment 30,000 25,000 Investments 7,500 37,500 25,000 Current Assets Inventory 12,500 20.000 Trade receivables 14,000 17,500 Dividends receivable 3,000 Cash at bank 500 30,000 37,500 67,500 62.500 EQUITY AND LIABILITIES Capital and Reserves Called up share capital (1/RUB1 shares) Retained earnings 17,500 20,000 37,500 10,000 15,000 12,500 27,500 12,500 Non-current Liabilities Current Liabilities Trade payables Dividends payable Bank loan 7,500 5,000 7,500 10,000 6,000 6,500 20,000 67.500 22,500 62.500 + Draft Statements of Profit and Loss or Other Comprehensive Income for the Year Ended 31 December 2018 House plc Martins Inc. '000 RUB'000 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Operating profit Dividend receivable Interest payable Profit before tax Taxation Profit after tax 80,000 (42,500) 37,500 (12,500) (10,000) 15,000 3,000 (2,000) 16,000 (5,000 11,000 62,500 (32,500) 30,000 (10,000) (6,000 14,000 (1,500) 12,500 (4.000) 8,500 + Additional Information 1. Exchange rates at the relevant dates are as follows: Date 1 January 2011 31 December 2017 31 December 2018 Average rate 2018 RUB to the 2 1.6 1.5 1.52 2. Amounts shown as non-current liabilities by House plc and Martins Inc. represent the long- term element of the bank loan shown in current liabilities. These loans were raised by each of the companies independently and are repayable by each of the companies in their local currency. 3. The dividends payable included in the draft statements of financial position of House plc and Martins Inc. shown above had not been approved by the shareholders at 31 December 2018. No other dividends were paid or proposed by either company during 2018. Martins Inc., a Russian company, carries out its day-to-day operations in Russian rubles (RUB) and acts independently of House plc. On 1 January 2011, House plc purchased 11,250,000 shares in Martins Inc. when the retained earnings of Martins Inc. were RUB5,000,000. The fair value of the net assets of Martins Inc. on 1 January 2011 was the same as their book value. The draft statements of profit or loss and other comprehensive income for the year ended 31 December 2018 of House plc and Martins Inc., together with their draft statements of financial position as at that date, are shown below. Draft Statements of Financial Position as at 31 December 2018 House ple Martins Inc. '000 '000 RUB'000 RUB'000 ASSETS Non-current Assets Property, plant and equipment 30,000 25,000 Investments 7,500 37,500 25,000 Current Assets Inventory 12,500 20.000 Trade receivables 14,000 17,500 Dividends receivable 3,000 Cash at bank 500 30,000 37,500 67,500 62.500 EQUITY AND LIABILITIES Capital and Reserves Called up share capital (1/RUB1 shares) Retained earnings 17,500 20,000 37,500 10,000 15,000 12,500 27,500 12,500 Non-current Liabilities Current Liabilities Trade payables Dividends payable Bank loan 7,500 5,000 7,500 10,000 6,000 6,500 20,000 67.500 22,500 62.500 + Draft Statements of Profit and Loss or Other Comprehensive Income for the Year Ended 31 December 2018 House plc Martins Inc. '000 RUB'000 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Operating profit Dividend receivable Interest payable Profit before tax Taxation Profit after tax 80,000 (42,500) 37,500 (12,500) (10,000) 15,000 3,000 (2,000) 16,000 (5,000 11,000 62,500 (32,500) 30,000 (10,000) (6,000 14,000 (1,500) 12,500 (4.000) 8,500 + Additional Information 1. Exchange rates at the relevant dates are as follows: Date 1 January 2011 31 December 2017 31 December 2018 Average rate 2018 RUB to the 2 1.6 1.5 1.52 2. Amounts shown as non-current liabilities by House plc and Martins Inc. represent the long- term element of the bank loan shown in current liabilities. These loans were raised by each of the companies independently and are repayable by each of the companies in their local currency. 3. The dividends payable included in the draft statements of financial position of House plc and Martins Inc. shown above had not been approved by the shareholders at 31 December 2018. No other dividends were paid or proposed by either company during 2018