Additional information Note A Limited purchased 60 000 shares in Limited on January 2016, when Limited retained camningsmusted to On Jury 2017 A mited squired 27 000 hores in C Limited, when the retained camnings of Limited amoumed to 500 000. On both quisiti dates, A Limited acquired control over the respective companies and the fair values of the identifiable assets, liabilities and contingent liabilities were considered to be equal to the carrying amounts of these items Note 2. Each share carries 1 vote. Note 3 The group uses the partial goodwill method to recognise poodwill. The controlling interests are measured at their proportionale interest in the net identifiable sets of the acquiree) Codwill was not considered to be impaired at year-end. Note 4. The fair values of investments in equity instruments are equal to the cost price thereof The equity investments are measured at fair value through other comprehensive income FVTOCH. Required: Prepare the consolidated annual financial statements of the A Limited Group for the year ended 31 December 2019. You wer must comply with the requirements of International Financial Reporting Standards. No notes are required. Ignore comparative figures Page 14 of 19 QUESTION 4 (complex groups) (20) The following are the abridged trial balances of A Limited, B Limited and C Limited at 31 December 2019: 100 000 CREDITS Share capital: -100 000 ordinary shares -80 000 ordinary shares -30 000 ordinary shares Retained earnings Profit for the period 80 000 200 000 345 000 645 000 150 000 220 000 450 000 60 000 110 000 95 000 265 000 DEBITS Property plant and Equipment Investment in equity instruments: 266 500 284 000 | 136 500 Page 13 of 19 Additional information Note A Limited purchased 60 000 shares in Limited on January 2016, when Limited retained camningsmusted to On Jury 2017 A mited squired 27 000 hores in C Limited, when the retained camnings of Limited amoumed to 500 000. On both quisiti dates, A Limited acquired control over the respective companies and the fair values of the identifiable assets, liabilities and contingent liabilities were considered to be equal to the carrying amounts of these items Note 2. Each share carries 1 vote. Note 3 The group uses the partial goodwill method to recognise poodwill. The controlling interests are measured at their proportionale interest in the net identifiable sets of the acquiree) Codwill was not considered to be impaired at year-end. Note 4. The fair values of investments in equity instruments are equal to the cost price thereof The equity investments are measured at fair value through other comprehensive income FVTOCH. Required: Prepare the consolidated annual financial statements of the A Limited Group for the year ended 31 December 2019. You wer must comply with the requirements of International Financial Reporting Standards. No notes are required. Ignore comparative figures Page 14 of 19 Additional information Note A Limited purchased 60 000 shares in Limited on January 2016, when Limited retained camningsmusted to On Jury 2017 A mited squired 27 000 hores in C Limited, when the retained camnings of Limited amoumed to 500 000. On both quisiti dates, A Limited acquired control over the respective companies and the fair values of the identifiable assets, liabilities and contingent liabilities were considered to be equal to the carrying amounts of these items Note 2. Each share carries 1 vote. Note 3 The group uses the partial goodwill method to recognise poodwill. The controlling interests are measured at their proportionale interest in the net identifiable sets of the acquiree) Codwill was not considered to be impaired at year-end. Note 4. The fair values of investments in equity instruments are equal to the cost price thereof The equity investments are measured at fair value through other comprehensive income FVTOCH. Required: Prepare the consolidated annual financial statements of the A Limited Group for the year ended 31 December 2019. You wer must comply with the requirements of International Financial Reporting Standards. No notes are required. Ignore comparative figures Page 14 of 19 QUESTION 4 (complex groups) (20) The following are the abridged trial balances of A Limited, B Limited and C Limited at 31 December 2019: 100 000 CREDITS Share capital: -100 000 ordinary shares -80 000 ordinary shares -30 000 ordinary shares Retained earnings Profit for the period 80 000 200 000 345 000 645 000 150 000 220 000 450 000 60 000 110 000 95 000 265 000 DEBITS Property plant and Equipment Investment in equity instruments: 266 500 284 000 | 136 500 Page 13 of 19 Additional information Note A Limited purchased 60 000 shares in Limited on January 2016, when Limited retained camningsmusted to On Jury 2017 A mited squired 27 000 hores in C Limited, when the retained camnings of Limited amoumed to 500 000. On both quisiti dates, A Limited acquired control over the respective companies and the fair values of the identifiable assets, liabilities and contingent liabilities were considered to be equal to the carrying amounts of these items Note 2. Each share carries 1 vote. Note 3 The group uses the partial goodwill method to recognise poodwill. The controlling interests are measured at their proportionale interest in the net identifiable sets of the acquiree) Codwill was not considered to be impaired at year-end. Note 4. The fair values of investments in equity instruments are equal to the cost price thereof The equity investments are measured at fair value through other comprehensive income FVTOCH. Required: Prepare the consolidated annual financial statements of the A Limited Group for the year ended 31 December 2019. You wer must comply with the requirements of International Financial Reporting Standards. No notes are required. Ignore comparative figures Page 14 of 19
