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Can you solve this question? Given below are the summarized statement of profit or lous and other comprehensive income of Ball Bhd. Nut hd and

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Given below are the summarized statement of profit or lous and other comprehensive income of Ball Bhd. Nut hd and Sonow thd for the rear ended 31 December 2012 Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31 December 2017 theo Screw hd RM000 Nut Bhd RM'000 45.000 (22.500 22.500 (21,000 Bolt Bhd RM000 90.000 (30.000) 60,000 550 (6,000) (2,800) 51.750 (12,400) 39,350 Cast of sales Gross profit Income from investments Operating expenses Finance costs Profit before taxation Taxation Profit after taxation Other comprehensive income Revaluation surplus of plant Total comprehensive income Ordinary dividends payable Retained profit brought forward (4,700) (2.000) 15,800 (3 800) 12,000 (4.2009 (2.100) 14,700 11.200 39,350 1,000 170,000 12.000 600 60,000 500 11,700 100 26,000 Additional information: (i) On 1 July 20x4, Bolt Bhd acquired 60% of the 60 million issued ordinary shares of Nut Bhd for RM54 million. On this date, the retained profit of Nut Bhd was RM10 million. (ii) On 1 October 20x7, Bolt Bhd bought an additional 20% of the issued ordinary shares of Nut Bhd for RM26.4 million. The fair value of net assets of Nut Bhd on 1 January 20x7 was RM120 million. (iii) Bolt Bhd acquired 7 million out of the 10 million issued ordinary shares of Screw Bhd on 1 July 20x5 for RM14.7 million. At that date, the retained profit of Screw Bhd was RM10 million. (iv) During the previous year ending 31 December 20x6, Bolt Bhd sold goods to Screw Bhd for RM4 million, of which RM2 million remained in the closing inventory of Screw Bhd as at 31 December 20x6. During the current year ending 31 December 20x7, Bolt Bhd sold goods to Screw Bhd for RM5 million, of which RM1.2 million remained in the closing inventory of Screw Bhd. All sales are invoiced at a profit of 20% on sales. CHAPTER 17 Changes in Group Structure 521 (v) Bolt in Bhd has recognized its share of dividends from Nut Bhd and Screw Bhd. dividends were approved in November 20x7 and are payable in February 20x8. All expenses and revenue are deemed to accrue evenly throughout the year, unless (vi) All ex stated otherwise, (vii) It i It is the group s policy to measure non-controlling interests at their proportionate terest in the value of the net assets of the subsidiary. Required: - Compute the profit or loss arising on the second acquisition of Nut Bhd on 1 October 20x7. Prepare the consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 20x7. () Prepare an extract of the consolidated statement of changes in equity for the year endea 31 December 20x7 showing the group's retained profit only. Given below are the statements of in Given below are the summarized statement of profit or lous and other comprehensive income of Ball Bhd. Nut hd and Sonow thd for the rear ended 31 December 2012 Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31 December 2017 theo Screw hd RM000 Nut Bhd RM'000 45.000 (22.500 22.500 (21,000 Bolt Bhd RM000 90.000 (30.000) 60,000 550 (6,000) (2,800) 51.750 (12,400) 39,350 Cast of sales Gross profit Income from investments Operating expenses Finance costs Profit before taxation Taxation Profit after taxation Other comprehensive income Revaluation surplus of plant Total comprehensive income Ordinary dividends payable Retained profit brought forward (4,700) (2.000) 15,800 (3 800) 12,000 (4.2009 (2.100) 14,700 11.200 39,350 1,000 170,000 12.000 600 60,000 500 11,700 100 26,000 Additional information: (i) On 1 July 20x4, Bolt Bhd acquired 60% of the 60 million issued ordinary shares of Nut Bhd for RM54 million. On this date, the retained profit of Nut Bhd was RM10 million. (ii) On 1 October 20x7, Bolt Bhd bought an additional 20% of the issued ordinary shares of Nut Bhd for RM26.4 million. The fair value of net assets of Nut Bhd on 1 January 20x7 was RM120 million. (iii) Bolt Bhd acquired 7 million out of the 10 million issued ordinary shares of Screw Bhd on 1 July 20x5 for RM14.7 million. At that date, the retained profit of Screw Bhd was RM10 million. (iv) During the previous year ending 31 December 20x6, Bolt Bhd sold goods to Screw Bhd for RM4 million, of which RM2 million remained in the closing inventory of Screw Bhd as at 31 December 20x6. During the current year ending 31 December 20x7, Bolt Bhd sold goods to Screw Bhd for RM5 million, of which RM1.2 million remained in the closing inventory of Screw Bhd. All sales are invoiced at a profit of 20% on sales. CHAPTER 17 Changes in Group Structure 521 (v) Bolt in Bhd has recognized its share of dividends from Nut Bhd and Screw Bhd. dividends were approved in November 20x7 and are payable in February 20x8. All expenses and revenue are deemed to accrue evenly throughout the year, unless (vi) All ex stated otherwise, (vii) It i It is the group s policy to measure non-controlling interests at their proportionate terest in the value of the net assets of the subsidiary. Required: - Compute the profit or loss arising on the second acquisition of Nut Bhd on 1 October 20x7. Prepare the consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 20x7. () Prepare an extract of the consolidated statement of changes in equity for the year endea 31 December 20x7 showing the group's retained profit only. Given below are the statements of in

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