Explain me this exercice and the calculation of consolidation in details 

H owns 60% of the share capital of S, which it bought for €80m, before S had begun trading, when its only asset was €100m in cash 

Thus, Goodwill = €80 - 60 = €20 

Minority Interest = 40% x €100 = €40 

Before the end of the year, S had borrowed some funds from the group (€50), and a 3 rd party creditor (€15), and invested those, together with €25 of its cash in plant and machinery (fixed assets) 

  

Group Accounts Stage 3: Aggregation and Elimination Fixed asset investment in S goodwill Current asset cash accounts receivables receivables from S Current liabilities accounts payable short-term debt from A Share capital and reserves Minor interest A 20 80 70 90 50 40 270 90 75 15 50 100 adjusted consolidated -80 20 -50 -50 -100 40 110 20 145 90 55 270 40 33