Percaya Berhad (Percaya) acquired 80% of the share capital of Putra Sdn Bhd (Putra) on 1 June 2019. Percaya acquired Indah Berhad (Indah) 75% on 1 June 2018. On 31 December 2019 Percaya acquired Indah additional 10% equity interest. The summarized draft statement of profit or loss for Percaya, Putra and Indah for the year ended of 30 June 2020 are shown below: Percaya Putra Indah RM000 RM000 RM000 Revenue 8,400 3,200 5,000 Less: Cost of sale 4,600 1,700 3,000 Gross profit 3,800 1,500 2,000 Less: Operating expenses 1,500 510 300 Administration costs 700 450 700 Profit before tax 1,600 540 1,000 Less: Taxation 600 140 200 Profit for the year 1,000 400 800 During the year Percaya sold goods costing RM1 million to Putra for RM1.5million. At 30 June 2020, 30% of these goods remained in Putras inventory.

Consolidated revenue in Consolidated Statement of Profit or Loss for the year ended 30 June 2020? *

Consolidated costs of sales in Consolidated Statement of Profit or Loss for the year ended 30 June 2020?

Consolidated Profit before tax in Consolidated Statement of Profit or Loss for the year ended 30 June 2020?

Consolidated Taxation in Consolidated Statement of Profit or Loss for the year ended 30 June 2020?

Consolidated Profit after taxation for the year ended 30 June 2020

Compute the non-controlling interest for the year ended 30 June 2020? *

2 points

RM80,00

RM100,000

RM240,000

None of the above

Compute the equity owner of Percaya for the year ended 30 June 2020? *

1 point

RM1,810

RM240

RM2,050

None of the above

What are the implications of additional 10% acquisition of Indah on 31 December 2019 on the group financial statements? *

2 points

Decrease NCI in the consolidated SOFP from 25% to 10% from 31 December 2019 onward.

Recognise the difference between the consideration paid and the decrease in NCI as an adjustment to equity or OCE.

Consolidate as a subsidiary (Indah) in full for the whole period of SOPL- no time apportioning.

Goodwill remained as at 1 June 2018 when parent his gained control of indah (75%).

All of these answers