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B Group recognised a gain of P 1 6 0 , 0 0 0 on the translation of the financial statements of a 7 5
B Group recognised a gain of P on the translation of the financial statements of a owned foreign subsidiary for the year ended December This gain is found to be made up as follows: P Gain on opening net assets: Noncurrent assets Receivables Payables Cash The overseas subsidiary made no profit or loss in the year. No goodwill arose on acquisition. B Group recognised a loss of P on retranslating the parent entitys foreign currency loan. This loss has been recorded in the statement of profit or loss. Consolidated Statements of Financial Position as at December Noncurrent assets Inventories Receivables Cash Share capital Reserves for the group Noncontrolling interest Equity Longterm loan Payables During the year there was no Noncurrent assets disposal Consolidated statement of profit or loss for the year ended December Profit before tax after deducting depreciation of P Taxation Profit for the yearGroup Profit attributable to: Shareholders of the parent Noncontrolling interest Net profit for the period Note: P was dividend paid during the year by the owners of B group. Required Prepare a statement of cash flows for the year ended December marks
B Group recognised a gain of P on the translation of the financial statements of a owned foreign subsidiary for the year ended December This gain is found to be made up as follows:
P
Gain on opening net assets:
Noncurrent assets
Receivables
Payables
Cash
The overseas subsidiary made no profit or loss in the year. No goodwill arose on acquisition.
B Group recognised a loss of P on retranslating the parent entitys foreign currency loan. This loss has been recorded in the statement of profit or loss.
Consolidated Statements of Financial Position as at December
Noncurrent assets
Inventories
Receivables
Cash
Share capital
Reserves for the group
Noncontrolling interest
Equity
Longterm loan
Payables
During the year there was no Noncurrent assets disposal
Consolidated statement of profit or loss for the year ended December
Profit before tax after deducting depreciation of P
Taxation
Profit for the yearGroup
Profit attributable to:
Shareholders of the parent
Noncontrolling interest
Net profit for the period
Note: P was dividend paid during the year by the owners of B group.
Required
Prepare a statement of cash flows for the year ended December marks
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