II. mix Caesar Full goodwill is recognised and goodwill impairment is RM indirect 15.2 Below are the statements of financial position of Macbeth, Julius and Caesar as at 31 December 9. Macbeth Julius Equity and Liabilities RM000 RM'000 RM'000 Ordinary share capital 6,000 4,400 2,200 Retained profit at 1 January x9 1,000 400 500 Profit for the year 500 600 200 Current account - Macbeth 100 80 Trade and other payables 900 400 300 8,400 5,900 3,280 Assets Non-current assets 3,200 3,000 2,500 Investment in subsidiaries Ordinary shares in Julius at cost 3,400 Ordinary shares in Caesar at cost 600 Inventory 2000 300 400 400 Current - Julius 100 Current - Caesar 100 Trade and other receivables 400 300 300 200 8,400 5,900 Bank 200 180 3,280 Prepare the consolidated statement of financial position as at 31 December x10. Complex Group Structure 573 Additional information: b. profit of Julius was RMS OR Cola Footy percent of our bed goodwill was impaired, he issued share capital of Caesar comprised 2.000.000 ordinary shares. Macbeth and Jis bought 400,000 and 1,200,000 ordinary shares, respectively, of Caesar on 1 January 9. Caesar did not lissue any new shares during the year. A plant with a carrying value of RM1 million had a fair value of RM1 2 million on 1 January Any difference in the current accounts is due to cash in transit, Depare the consolidated statement of financial position as at 31 December 29, Required: 15.3 / Macbeth acquired 2.4 million of the 3 million issued ordinary shares of Julius on 1 January 8 when the retained 10% debentures ing-toum library. Given below are the statements of financial position of Hamlet, Romeo and Juliet as at 31 December x10. Hamlet Romeo Juliet Equity and Liabilities RM'000 RM'000 Ordinary share capital RM 000 10,000 3,000 2,000 Retained profit 2,000 800 700 300 Trade and other payables 400 500 1000 12.400 4,300 3,300 Assets Non-current assets 8,000 2,000 3.000 Investment in subsidiaries Ordinary shares in Romeo at cost 2,800 Ordinary shares in Juliet at cost 500 2,000 10% debentures in Juliet 100 Current assets 1,100 200 300 12,400 4,300 3,300 Subjeto 10% interest Additional information: a. Hamlet acquired 2.4 million of the 3 million ordinary shares of Romeo on 1 January x5 when the retained profit of Romeo was RM300,000 and the retained profit of Juliet was RM20,000. b. Romeo bought 800,000 of the 2 million issued ordinary shares in Juliet on 1 January 26 when the retained profit Juliet was RM500,000. On the same date, Hamlet bought 400.000 ordinary shares of Juliet. On 1 January 26, a piece of land of Juliet had a fair value that was RM1uilion more than its carrying value, Juliet uses the cost model to value its non-current assets. Romeo bought RM100,000 of the 10 percent debentures of Juliet on 1 July 9. d Juliet has not accrued the second half-year debenture interest. Required: Good a. Grant RM 000 300 40 30 100 6 24 500 57 15,4 Below are the statements of financial position of Hugh, Garry and Grant as at 31 December xe. Hugh Garry RM'000 RM'000 Equity and Liabilities 900 Ordinary share capital 500 100 Retained profit at 1 January x6 80 Profit for the year 50 30 Redeemable preference share capital 10 Bills payable 15 Trade and other payables 24 1,117 649 Assets Non-current assets 520 339 Investment in subsidiaries Ordinary shares in Garry at cost 500 Ordinary shares in Grant at cost 200 Redeemable preference shares 60 Inventory Bills receivable 25 Trade and other receivables 40 30 Bank 32 16 1,117 649 342 100 3 35 20 500 c Additional information: a. Hugh acquired 400,000 of the 500,000 issued ordinary shares of Garry on 1 January x6. b. Garry acquired 180,000 of the 300,000 issued ordinary shares of Grant on 1 January 3 when the retained profits of Garry and Grant were RM20,000 and RM5,000, respectively. On 1 January 5, Garry acquired 60,000 preference shares of Grant. Grant has not provided for the current year's preference dividends of RM10,000 and Garry has not recognised its share of preference dividends from Grant. d. The bills payable of Garry and Grant are in favour of Hugh. None of these bills have been discounted. Required: From the information given, prepare the consolidated statement of financial position as at 31 December 26. Given below are the statements of profit or loss of Ahsun, Beesun and Chaisun for the year ended 31 Dec 15.6 Turnover Cost of sales Ahsun RM'000 2.000 (800) 1,200 (400) 800 Beesun RM'000 3,000 (1.200) 1,800 (600) 1.200 Chalan RM60 2000 1.000 Expenses 1.000 300 700 160 Dividends from Beesun Dividends from Chaisun Taxation 40 1,000 (300) 700 100 1.300 (300) 1,000 700 200 500 Dividends paid Retained profit at 1 January 9 200 400 200 300 200 40 a. Additional information: On 1 January x7. Ahsun acquired 80 percent of the issued ordinary shares of Beesun for RM1.700,000 when the retained profit of Beesun was RM100,000 and the fair value of the net assets of Beesun was RM2,000,000. Additional depreciation on fair value recognition of the net assets was RM20,000 per annum Twenty percent of goodwill was impaired on 31 December 8 b. On 1 January 9, Ahsun and Beesun acquired 20 percent and 50 percent of the issued ordinary shares of Chaisun for RM300,000 and RM900,000, respectively. The fair value of the net assets of Chaisun was RM1,200,000 on 1 January 9. Required: Calculate the goodwill for each acquisition Prepare the consolidated statement of profit or loss for the year ended 31 December 29. ill. Shew the composition of the group's retained profit as at 31 December 9. 15.7 The facts are as stated in Question 15.6 above except that Beesun bought the shares in Chaisun on 1 Apple when the fair value of the net assets of Chaisun was RM 1,325,000. There was no significant change in the far value of Chaisun's shares from 1 January 9 to 1 April 9. Required: Prepare the consolidated statement of profit or loss for the year ended 31 December 9. Show the composition of the group's retained profit as at 31 December 9. II. mix Caesar Full goodwill is recognised and goodwill impairment is RM indirect 15.2 Below are the statements of financial position of Macbeth, Julius and Caesar as at 31 December 9. Macbeth Julius Equity and Liabilities RM000 RM'000 RM'000 Ordinary share capital 6,000 4,400 2,200 Retained profit at 1 January x9 1,000 400 500 Profit for the year 500 600 200 Current account - Macbeth 100 80 Trade and other payables 900 400 300 8,400 5,900 3,280 Assets Non-current assets 3,200 3,000 2,500 Investment in subsidiaries Ordinary shares in Julius at cost 3,400 Ordinary shares in Caesar at cost 600 Inventory 2000 300 400 400 Current - Julius 100 Current - Caesar 100 Trade and other receivables 400 300 300 200 8,400 5,900 Bank 200 180 3,280 Prepare the consolidated statement of financial position as at 31 December x10. Complex Group Structure 573 Additional information: b. profit of Julius was RMS OR Cola Footy percent of our bed goodwill was impaired, he issued share capital of Caesar comprised 2.000.000 ordinary shares. Macbeth and Jis bought 400,000 and 1,200,000 ordinary shares, respectively, of Caesar on 1 January 9. Caesar did not lissue any new shares during the year. A plant with a carrying value of RM1 million had a fair value of RM1 2 million on 1 January Any difference in the current accounts is due to cash in transit, Depare the consolidated statement of financial position as at 31 December 29, Required: 15.3 / Macbeth acquired 2.4 million of the 3 million issued ordinary shares of Julius on 1 January 8 when the retained 10% debentures ing-toum library. Given below are the statements of financial position of Hamlet, Romeo and Juliet as at 31 December x10. Hamlet Romeo Juliet Equity and Liabilities RM'000 RM'000 Ordinary share capital RM 000 10,000 3,000 2,000 Retained profit 2,000 800 700 300 Trade and other payables 400 500 1000 12.400 4,300 3,300 Assets Non-current assets 8,000 2,000 3.000 Investment in subsidiaries Ordinary shares in Romeo at cost 2,800 Ordinary shares in Juliet at cost 500 2,000 10% debentures in Juliet 100 Current assets 1,100 200 300 12,400 4,300 3,300 Subjeto 10% interest Additional information: a. Hamlet acquired 2.4 million of the 3 million ordinary shares of Romeo on 1 January x5 when the retained profit of Romeo was RM300,000 and the retained profit of Juliet was RM20,000. b. Romeo bought 800,000 of the 2 million issued ordinary shares in Juliet on 1 January 26 when the retained profit Juliet was RM500,000. On the same date, Hamlet bought 400.000 ordinary shares of Juliet. On 1 January 26, a piece of land of Juliet had a fair value that was RM1uilion more than its carrying value, Juliet uses the cost model to value its non-current assets. Romeo bought RM100,000 of the 10 percent debentures of Juliet on 1 July 9. d Juliet has not accrued the second half-year debenture interest. Required: Good a. Grant RM 000 300 40 30 100 6 24 500 57 15,4 Below are the statements of financial position of Hugh, Garry and Grant as at 31 December xe. Hugh Garry RM'000 RM'000 Equity and Liabilities 900 Ordinary share capital 500 100 Retained profit at 1 January x6 80 Profit for the year 50 30 Redeemable preference share capital 10 Bills payable 15 Trade and other payables 24 1,117 649 Assets Non-current assets 520 339 Investment in subsidiaries Ordinary shares in Garry at cost 500 Ordinary shares in Grant at cost 200 Redeemable preference shares 60 Inventory Bills receivable 25 Trade and other receivables 40 30 Bank 32 16 1,117 649 342 100 3 35 20 500 c Additional information: a. Hugh acquired 400,000 of the 500,000 issued ordinary shares of Garry on 1 January x6. b. Garry acquired 180,000 of the 300,000 issued ordinary shares of Grant on 1 January 3 when the retained profits of Garry and Grant were RM20,000 and RM5,000, respectively. On 1 January 5, Garry acquired 60,000 preference shares of Grant. Grant has not provided for the current year's preference dividends of RM10,000 and Garry has not recognised its share of preference dividends from Grant. d. The bills payable of Garry and Grant are in favour of Hugh. None of these bills have been discounted. Required: From the information given, prepare the consolidated statement of financial position as at 31 December 26. Given below are the statements of profit or loss of Ahsun, Beesun and Chaisun for the year ended 31 Dec 15.6 Turnover Cost of sales Ahsun RM'000 2.000 (800) 1,200 (400) 800 Beesun RM'000 3,000 (1.200) 1,800 (600) 1.200 Chalan RM60 2000 1.000 Expenses 1.000 300 700 160 Dividends from Beesun Dividends from Chaisun Taxation 40 1,000 (300) 700 100 1.300 (300) 1,000 700 200 500 Dividends paid Retained profit at 1 January 9 200 400 200 300 200 40 a. Additional information: On 1 January x7. Ahsun acquired 80 percent of the issued ordinary shares of Beesun for RM1.700,000 when the retained profit of Beesun was RM100,000 and the fair value of the net assets of Beesun was RM2,000,000. Additional depreciation on fair value recognition of the net assets was RM20,000 per annum Twenty percent of goodwill was impaired on 31 December 8 b. On 1 January 9, Ahsun and Beesun acquired 20 percent and 50 percent of the issued ordinary shares of Chaisun for RM300,000 and RM900,000, respectively. The fair value of the net assets of Chaisun was RM1,200,000 on 1 January 9. Required: Calculate the goodwill for each acquisition Prepare the consolidated statement of profit or loss for the year ended 31 December 29. ill. Shew the composition of the group's retained profit as at 31 December 9. 15.7 The facts are as stated in Question 15.6 above except that Beesun bought the shares in Chaisun on 1 Apple when the fair value of the net assets of Chaisun was RM 1,325,000. There was no significant change in the far value of Chaisun's shares from 1 January 9 to 1 April 9. Required: Prepare the consolidated statement of profit or loss for the year ended 31 December 9. Show the composition of the group's retained profit as at 31 December 9