Question
Q2. The following are the statement of financial position of Hud and Sya as at 31 December 2019. Hud Sya RM'000 RM'000 Ordinary share of
Q2. The following are the statement of financial position of Hud and Sya as at 31 December 2019. Hud Sya RM'000 RM'000 Ordinary share of RM1 each 750 600 Share premium 50 60 General reserve 60 90 Retained profit 90 60 Current liabilities 150 320 1,100 1,130 Investment in Ordinary share of Sya at cost 500 Non Current assets 540 900 Current assets 60 230 1,100 1,130 Hud purchased 400,000 ordinary shares in Sya on 1 January 2017 when the balances in Sya's account were: Share premium RM60,000 General reserve RM30,000 Retained profit RM12,000 The fair value of NCI cannot be measured at fair value on 1 January 2017. Required: Prepare the consolidated statement of financial position of the group as t 31 December 2019.
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