Aspect Event Data Acquisiton of Subsidiary by Parent Acquisiton date of Subsidiary by the Parent 1/07/2X18 % ownership of Parent in Subsidiary 76 Subsidiary Share Capital at acquisition date $1,500,000 Subsidiary Retained Earnings at acquisition date $301,750 Fair value adjustment at acquisition date At acquisiton date, the fair value of Plant Touch-U in Subsidiary is $1,850 Cost of Plant Touch-Uis $1,550 At acquisition date, accumulated Depreciation of Plant Touch-U $1,150 At acquision date, the remaining useful life in years of Plant Touch U 4 Intra-group servicetransaction Subsidiary pays management fees to Parent during the financial year. This item is included in 'other' income and expenses 6750 Intra-group inventory transaction:

Parent sell inventory (Type-High) to subsidiary in current period During the current financial year Parent Ltd sold inventory to Subsidiary Ltd at a price of $28,500 The inventory cost Parent to produce $20,500 % of this inventory is still on hand with Subsidiary Ltd at the end of the financial year. 90 Intra-group inventory transaction:

Subsidiary sell inventory (Type-Low) to Parent in current period During the current financial year Subsidiary Ltd sold inventory to Parent Ltd at a price of 27,000 The inventory cost Subsidiary to produce $21,000 % of this inventory is still on hand with Parent Ltd at the end of the financial year. 80 Intra-group inventory transaction: Subsidiary sell inventory (Type Rich) to Parent in previous period brought into the current period During the current financial year Subsidiary Ltd sold inventory to Parent Ltd at a price of $18,000 The inventory cost Subsidiary to produce $15,000 % of this inventory is still on hand with Parent Ltd at beginning of the financial year 90 Goodwill impairment Parent Ltd Management believes goodwill has impaired in the previous years by $13,000 Parent Ltd Management believes goodwill has further impaired in the current period years by $3,000 Intra-group depreciable non-current asset (Plant-Steel-Ball) transaction:

Subsidiary sell non current asset to Parent in current period Beginnig of the current year, Subsidiary Ltd sold an item of plant-hard to Parent Ltd for a price of $48,500 Cost of the plant-hard at the time of intra-group transaction is $53,500 Accumulated depreciation of the plant-hard at the time of intra-group transaction is $28,500 Remaining useful life of the plant-hard at the time of sale with no expected residual value, in years 10 Intra-group depreciable non-current asset (Plant-Aluminium-Spade) transaction:

Parentsell non current asset to Subsidiaryin previous period Beginnig of the previous year, Parent Ltd sold an item of plant-happy to Subsidiary Ltd for a price of 45,100 Cost of that item of plant-happy at the time of intra-group transaction is $50,100 Accumulated depreciation of the plant-happy at the time of intra-group transaction is $25,100 Remaining useful life of the plant-happy at the time of sale with no expected residual value, in years 5 Income tax rate as % is 30 Note The management of Parent Ltd values any non-controlling interest in Subsidiary Ltd at fair value Marking Criteria Category Marks Correctly completing consolidation journal entries 63 Linking each journal item to the adjustment columns on the group financial statements 63 Non controlling inerest at the date of acquisition 4 Non controlling inerest from the date of acquisition to the beginning of the period 10 Non controlling intereest during the current period 14 Summay table completion of non controlling interest 5 Group income statement 12 Group balance sheet 21 Journal reference number in the Group income statement reference columns 30 Journal reference number in the Group balance sheetreference columns 30 Group statemet of changes in equity 8 Total 260 Weighted to 30%