Kombinasi Bisnis
Agenda
1
2 3 4 5 Pendahuluan Metode Akuisisi Akuntansi dan Pengukuran setelah Pengakuan Awal
Pengungkapan
Ketentuan Transisi
PSAK - 22
ISI
Metode Akuisisi
Akuntansi dan Pengukuran setelah Pengakuan Awal Pedoman Aplikasi Efektif berlaku 2011 Menggantikan PSAK 22 1994
Pengungkapan
Teori konsolidasi
Entity Theory menganggap entitas konsolidasi sebagai satu entitas tersendiri yang dimiliki oleh induk dan non pengendali Parent Theory menganggap konsolidasi sebagai perpanjangan entitas induk
Atribut Perbedaan fair value dari aset dan liabilitas terindentifikasi pada saat akuisisi Penyajian pihak non pengendali / NCI Goodwill Entity Theory Diakui penuh, mencerminkan hak untuk induk dan non pengendali. Sebagai bagian dari ekuitas Goodwill merupakan aset entitas yang diakui penuh pada tanggal akuisis Parent Theory Hanya diakui sebesar hak induk
PSAK 22 1994
Kecuali Under common control Ventura bersama Purchase dan Polling of interest Komponen harga perolehan Panduan tersendiri untuk menentukan nilai wajar Diukur dengan nilai wajar saat perolehan tidak ada penilaian kembali Berdasarkan nilai tercatat netto Goodwill parent Diamortisasi Neg goodwiil diakui
Ruang Lingkup Metode Pencatatan Biaya akuisisi Pengukuran aset dan liab Akuisisi bertahap
PSAK 22 2010
Non Pengendali
Goodwill
5
Tanggal effektif
PSAK 22 2010
Tujuan
Meningkatkan relevansi, keandalan, daya banding informasi mengenai kombinasi bisnis dan dampaknya
Mengukur aset teridentifikasi, liabilitas yang diambil alih dan kepentingan non pengendali
Ruang Lingkup
Diterapkan untuk transaksi atau peristiwa lain yang memenuhi definisi bisnis kombinasi, tidak diterapkan untuk 1
Pembentukan ventura bersama
2
Akuisi aset atau kelompok aset yang bukan merupakan suatu bisnis
3
Kombinasi entitas atau bisnis sepengendali (B01B04)
Kombinasi bisnis adalah suatu transaksi atau peristiwa lain dimana pihak pengakuisisi memperoleh pengendalian atas satu atau lebih bisnis.
penggabungan sesungguhnya (true merger) atau penggabungan setara (merger of equals)
10
Bisnis
Bisnis adalah suatu rangkaian terpadu dari kegiatan dan aset yang mampu diadakan dan dikelola dengan tujuan memberikan hasil dalam bentuk dividen, biaya yang lebih rendah, atau manfaat ekonomi lainnya secara langsung kepada investor atau pemilik, anggota, atau peserta lainnya.
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Metode Akuisisi
Entitas mencatat setiap kombinasi bisnis dengan menerapkan metode akuisisi.
a
Pengidentifikasian pihak pengakuisisi
d
Pengakuan dan pengukuran goodwill atau keuntungan dari pembelian diskon
Pengakuan dan pengukuran aset teridentifikasi, liabilitas yang diambil alih dan kepentingan non pengendali
12
Pihak pengakuisisi
Untuk setiap kombinasi bisnis, salah satu dari entitas yang bergabung diidentifikasikan sebagai pihak pengakuisisi (06). Entitas yang memperoleh pengendalian atas pihak yang diakuisisi. (tidak jelas B14-B18)
1
Entitas yang mengalihkan kas atau aset atau menimbulkan liabilitas
2
Menerbitkan ekuitas. Reverse acqusition penerbit = diakuisisi
3
Ukuran relatifnya signifikan lebih besar
4
Berinisiatif Telah ada sebelum kombinasi
13
14
Pengakuan - ketentuan
Excluded elements Consideration transferred Previously held interest Non-ontrolling interest Goodwill Identifiable assets and liabilities
Pada tanggal akuisisi, pihak pengakuisisi mengakui, secara terpisah dari goodwill, aset teridentifikasi yang diperoleh, liabilitas yang diambil-alih, dan kepentingan nonpengendali pihak yang diakuisisi. (par 10-11) Harus memenuhi definisi aset dan kewajiban sesuai dengan KDPPLK pada tanggal akuisisi. Merupakan bagian yang dipertukarkan antara pihak pengakuisisi dan pihak yang diakuisisi dalam transaksi kombinasi bisnis (par 51-53), bukan hasil transaksi terpisah (SAK terkait). Memungkinkan munculnya aset dan liabilitas yang sebelumnya tidak diakui oleh pihak yang diakuisisi Pengecualian 22-28, Sewa operasi B28-B40
15
Pengakuan - klasifikasi
Excluded elements Consideration transferred Goodwill Identifiable assets and liabilities
Mengklasifikasikan atau menentukan aset Previously held interest teridentifikasi yang diperoleh dan liabilitas yang Non-ontrolling diambil-alih sebagaimana diperlukan untuk interest menerapkan SAK lain.
Membuat klasifikasi berdasarkan pada persyaratan kontraktual, kondisi ekonomi, kebijakan operasional atau akuntansinya, dan kondisi terkait lainnya yang ada pada tanggal akuisisi.
Pengecualian atas kontrak sewa operasi dan kontrak asuransi, dilihat kondisi kontrak pada tanggal akuisisi
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Prinsip Pengukuran
Excluded elements Consideration transferred Previously Pihak pengakuisisi mengukur aset held interest Non-ontrolling teridentifikasi yang diperoleh dan liabilitas interest yang diambil-alih dengan nilai wajar pada tanggal akuisisi. Goodwill Identifiable assets and liabilities
Pengukuran kepentingan nonpengendali baik pada nilai wajar atau pada proporsi kepemilikan non pengendali atas aset neto teridentifikasi dari pihak yang diakuisisi. Pengukuran nilai wajar aset teridentifikasi tertentu dan kepentingan non pengendali (B41-45) Pengecualian par 24-31
17
Identifiable Pengakuan Previously assets and held interest liabilities liabilitas kontijensi (PSAK 57 tidak berlaku) Non-ontrolling interest Pengukuran dan pengakuan pajak penghasilan (PSAK 46), imbalan kerja (PASK 24), aset idemnifikasi (nilai yang dijamin). Pengukuran hak yang diperoleh kembali aset tak berwujud (B35-36), penghargaan pembayaran berbasis saham (PSAK 53), Aset dimiliki untuk dijual (PSAK 58)
18
Goodwill (32)
Excluded elements
Pihak pengakuisisi mengakui goodwill pada Previously tanggal akuisisi yang diukur sebagai selisih held interest Non-ontrolling lebih (a) atas (b) : interest a) nilai agregat dari: i. Imbalan yang dialihkan nilai wajar tanggal akuisisi (37); ii. Kepentingan nonpengendali pada pihak yang diakuisisi; dan iii. untuk kombinasi bisnis yang dilakukan secara bertahap (41 dan 42), nilai wajar pada tanggal akuisisi kepentingan ekuitas yang sebelumnya dimiliki oleh pihak pengakuisisi pada pihak yang diakuisisi. b) selisih jumlah dari aset teridentifikasi yang diperoleh dan liabilitas yang diambil-alih pada tanggal akuisisi
Consideration transferred
19
Goodwill (33)
Excluded elements Consideration transferred Goodwill Identifiable assets and liabilities
Jika kepentingan ekuitas pihak yang diakuisisi lebih andal, goodwill ditentukan dengan nilai wajar tanggal akuisisi dari kepentingan ekuitas yang dialihkan. Jika terdapat imbalan yang dialihkan nilai wajar kepentingan ekuitas pengakuisisi yang ditentukan dengan teknik penilaian (B46-49)
20
Jika jumlah b melebihi jumlah a, pihak pengakuisisi mengakui keuntungan yang dihasilkan dalam laporan laba rugi pada tanggal akuisisi. Terjadi karena pembelian terpaksa atau karena pengecualian (22-31) Sebelum diakui, pihak pengakuisisi menilai kembali apakah telah mendidentifikasi dengan tepat seluruh aset yang diperoleh dan liabilitas yang dialihkan serta aset/kewajiban lain
21
Diukur dengan nilai wajar Penjumlahan seluruh aset yang dialihkan pengakuisisi, liabilitas yang diakui pengakuisisi dan kepentingan ekuitas yang diterbitkan oleh pengakuisisi. Penghargaan karyawan Par 30. Nilai tercatat imbalan yang dialihkan dinilai dengan nilai wajar keuntungan dan kerugian pada tanggal akuisisi, (kecuali tetap berada dalam entitas tidak boleh diakui).
22
Imbalan kontijensi
Excluded elements Consideration transferred Previously held interest Non-ontrolling interest Goodwill Identifiable assets and liabilities
Imbalan kontijensi timbul karena kesepakatan Mengakui imbalan kontijensi pada nilai wajar pada tanggal akuisisi. Diklasifikasikan sebagai liabilitas atau ekuitas berdasarkan definisi instrumen ekuitas (PSAK 50) Pengakuisisi mengklasifikasikan hak atas imbal hasil yang dari imbalan yang dialihkan sebelumnya sebagai aset jika memenuhi kondisi tertentu (58)
23
Pihak pengakuisisi mengukur kepentingan ekutias yang dimiliki sebelumnya pada pihak yang diakuisisi pada nilai wajar tanggal akuisisi dan mengakui keuntungan dan kerugian yang dihasilkan. Jumlah yang diakui dalam pendapatan komprehensif lain diakui dengan dasar yang sama sebagaimana dipersyaratkan jika pengakuisisi telah melepas secara langsung kepentingan ekuitas yang dimiliki sebelumnya.
24
25
Periode Pengukuran
Jika proses kombinasi bisnis belum selesai pada akhir periode pelaporan, maka pihak pengakuisisi melaporkan jumlah sementara untuk pos-pos (items) yang proses akuntansinya belum selesai. Pihak pengakuisisi menyesuaikan secara retrospektif jumlah sementara yang diakui pada tanggal akuisisi untuk mencerminkan informasi baru yang diperoleh tentang fakta dan keadaan yang ada pada tanggal akusisi dan berdampak pada pengukuran yang diakui. Pihak pengakuisisi mengakui aset atau liabilitas tambahan jika informasi baru diperoleh mengenai fakta dan keadaan yang ada pada tanggal akuisisi Periode pengukuran berakhir segera setelah pihak pengakuisisi menerima informasi yang dicari tentang fakta dan keadaan yang ada pada tanggal akuisisi atau mempelajari bahwa informasi lebih tidak dapat diperoleh. Periode pengukuran tidak boleh melebihi satu tahun dari tanggal akuisisi.
26
2009
27
2009
28
30
Imbalan kontijensi
Ekuitas, tidak diukur kembali dan penyelesaiannya diperhitungkan dalam ekuitas Instrumen keuangan (PSAK 55) diukur dengan nilai wajar munculnya keuntungan/kerugian (P/L atau komprehensif) Tidak termasuk instrumen keuangan PSAK 57
32
Pengungkapan
Pihak pengakuisisi mengungkapkan informasi yang memungkinkan pengguna laporan keuangan dapat mengevaluasi sifat dan dampak keuangan dari kombinasi bisnis yang terjadi:
selama periode pelaporan berjalan; atau setelah akhir periode pelaporan tetapi sebelum tanggalpenyelesaian laporan keuangan.
33
Pengungkapan
Pihak pengakuisisi mengungkapkan informasi yang memungkinkan pengguna laporan keuangan dapat mengevaluasi dampak keuangan dari penyesuaian yang diakui pada periode pelaporan berjalan yang berhubungan dengan kombinasi bisnis yang terjadi pada periode tersebut atau periode pelaporan sebelumnya. (B67) Jika pengungkapan spesifik yang dipersyaratkan tidak mencapai tujuan pengungkapan, maka pihak pengakuisisi mengungkapkan seluruh informasi tambahan yang diperlukan untuk mencapai tujuan tersebut
34
Ketentuan Transisi
Aset dan liabilitas yang berasal dari kombinasi bisnis yang tanggal akuisisinya sebelum 1 Januari 2011 tidak disesuaikan dengan berlakunya Pernyataan ini. Goodwill yang diakui sebelumnya prospektif unntuk kombinasi bisnis sebelum 1/1/2011.
Menghentikan amortisasi goodwill Mengeliminasi jumlah tercatat yang terkait dengan akumulasi amortisasi sehubungan penurunan goodwill Melakukan uji penurunan nilai atas goodwill
35
Ketentuan Transisi
Investasi yang dicatat dengan metode ekuitas setelah 1/1/2011
Diperoleh setelah 1/1/2011 Amortisasi goodwill tidak termasuk dalam menentukan bagian entitas atas laba rugi investee. Penghasilan jika muncul goodwill negatif menentukan bagian entitas atas laba rugi Diperoleh sebelum1/1/2011 Menghentikan amortiasi goodwill Menghentikan goodwill negatif
Pajak Penghasilan
Pengakuisisi menerapkan PSAK 46 secara prospektif. Pengakuisisi mengakui perubahan dalam aset pajak tangguhan tersebut sebagai penyesuaian laba atau bukan jika disyaratkan dalam PSAK 46
36
Penggabungan Usaha??
Entitas A sebelumnya memiliki entitas B sebesar 20% dengan nilai 320 juta. Nilai buku entitas B total sebesar 1.500 juta. Entitas A membeli tambahan saham entitas B sebanyak 60% dengan harga 1.200. Nilai wajar aset B saat akuisisi sebesar 1.800. Total kepemilikan baru 20% + 60% = 80%. Nilai wajar yang baru 60% = 1.200 maka 100% = 2.000 Harga wajar dari aset yang dibeli 1.800 sehingga
goodwill total 2.000-1.800 = 200, maka goodwill untuk minoritas = 40 Goodwiil parent 1.600 80%x1.800 = 1.600 1.440 = 160.
Kepemilikan lama dinilai kembali 20% x 2.000 = 400, sehingga ada keuntungan 400-320 = 80. Investasi yang baru sebesar 80% x 2000 = 1.600 Jurnal
Investasi Kas Investasi Keuntungan 1.200 1.200 80 investasi 80
Aset lancar
Aset tidak lancar
3.200.000
5.000.000 8.200.000 Induk
500.000 Liabilitas
1.500.000 Ekuitas 2.000.000 Anak 500.000 Liabilitas 1.500.000 Ekuitas Induk
2.200.000
6.000.000 8.200.000
1.000.000
1.000.000 2.000.000 Anak
2.200.000 6.000.000
1.000.000 1.000.000
2.000.000
8.200.000
2.000.000
8.200.000
2.300.000
8.200.000
2.300.000
8.200.000 Konsolidasi
Aset lancar Aset tidak lancar Goodwill
2.300.000 Konsolidasi
3.200.000 6.000.000 260.000 9.460.000
8.200.000
2.300.000
Knsl AL 2.500 L
Knsl 3.200
ATL
GW
6.800 E
200 NP 9.500
6.000
300 9.500
Goowill parent
PSAK LAMA
Aset menjadi lebih besar: Fakto r: Jml akuisisi, Perbedaan BV, FV, HP
40
Penurunan nilai
500.000
Case Study 4
Facts A cash-generating unit has these net assets: $m Goodwill 10 Property 20 Plant and equipment 30 60 The recoverable amount has been determined as $45 million.
Solution Peurunan nilai : 1. Pertama dialopkasikan ke goodwill 2. Sisanya dialokasikan ke aset tidak lancar secara pro rata
Goodwill $m Carrying value 10 Impairment loss (10) Carrying value after impairment -
Property $m 20 (2) 18
42
After an impairment review, Bear Bull found that the recoverable amount of CGU X is $8,000 and of the investment property is $2,000 Calculate the impairment loss and allocate to the individual asset.
43
After an impairment review, Bear Bull found that the recoverable amount of CGU X is $8,000 and of the investment property is $2,000 Carrying amount before amount after impairment loss impairment loss
Goodwill $ Property, plant and equipment Intangible assets Investment property ($2,500 $500) Financial assets Inventory Trade receivables
Total
Then, the residual loss is allocated to other non-current assets pro rata based on the carrying amounts of those non-current asset.
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Ilustrasi 1
KIMs acquisition of GHI for cash proceeded as follows: 23 January Approach made to the management of GHI seeking endorsement of the acquisition 20 March Public offer made for 100% of the equity shares of GHI, conditional on regulatory approval, shareholder approval and receiving acceptances representing 60% of GHIs shares 14 June Regulatory approval received 1 July Shareholder approval received 30 July Acceptances received to date represent 50% of GHIs shares 15 August Acceptances received to date represent 95% of GHIs shares 25 August Cash paid out to GHIs accepting shareholders 13 November Cash paid out to the remaining shareholders under a compulsory share acquisition scheme The acquisition date, being the date on which KIM obtains control over GHI, is 30 July.
45
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Illustrasi 2
An entity acquires the entire share capital of another entity by issuing 100,000 new CU1 ordinary shares at a fair value at the acquisition date of CU2.50. The professional fees associated with the acquisition are CU20,000 and the issue costs of the shares are CU10,000.
The consideration transferred in the business combination is CU250,000, calculated as the fair value of the new shares issued (CU2.5 x 100,000). The professional fees (CU20,000) should be recognised in profit or loss and the issue costs deducted from the share premium recorded on issue of the shares.
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Illustrasi 3
The terms of an acquisition include the following: 1. If the acquirees profits for the first full year following acquisition exceed CU2 million, the acquirer will pay additional consideration of CU6 million in cash three months after that year end. It is doubtful whether the acquiree will achieve this profit, hence the acquisition-date fair value of this contingent consideration is CU100,000. 2. A contract exists whereby the acquirer will buy certain components from the acquiree over the next five years. The contract was signed when market prices for these components were markedly higher than they are at the acquisition date. At the acquisition date the fair value of the amount by which the contract prices are expected to exceed market prices over the next five years is CU1.5 million.
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Illustrasi 3 ..
These should be dealt with as follows at the acquisition date: 1. The consideration transferred should be increased by the fair value of the contingent consideration of CU100,000, this amount should be recognised as a liability.
2. The acquirer now controls the acquiree and can therefore cancel this contract; it is not part of the business combination. CU1.5 million of the consideration should be recognised as an expense (i.e. cancelling the ontract) in profit or loss, rather than treated as transferred in the business combination.
48
Illustrasi 4
Using the facts from Illustration 3 and assuming the acquiree achieves its earnings target. Additional consideration should be recognised, measured at CU5.9 million (CU6 million payable CU100,000 recognised at the acquisition date). The additional consideration relates to events after the acquisition date, so should be recognised as an expense in profit or loss.
49
Illustrasi 5
ABC acquired 750,000 of the 1 million equity shares of KIM at a price of CU5 each at the time when the total fair value of LMNs assets less liabilities was CU4 million. ABC estimated that the price paid included a premium of CU0.50 per share in order to gain control over KIM. The fair value of the non-controlling interest is measured at CU1,125,000 (250,000 shares (CU5.00 0.50). The non-controlling interests proportionate share of the acquirees identifiable net assets is measured at CU1 million (CU4 million 25%). ABC may measure the non-controlling interest at either of these two amounts.
50
Illustrasi 6
At the acquisition date an acquirer has established fair values for items recognised as an expense in profit or loss by the acquiree and is trying to decide whether they can be classified as identifiable assets.
1. 2. 3. 4. In-process development of new compounds for food flavouring CU500,000 Patents developed internally CU2.5 million Selling efforts leading to an order backlog CU3 million Franchise agreements developed internally CU700,000.
All of the above items could be sold to another buyer and are therefore separable, hence they should all be recognised as identifiable intangible assets.
51
Illustrasi 7
XYZ acquired ABC on 30 June 2007. By 31 December 2007, the end of its 2007 reporting period, XYZ had provisional fair values for the following: 1. trademarks effective in certain foreign territories of CU400,000. These had an average remaining useful life of 10 years at the acquisition date. The acquisition date fair value was finalised at CU500,000 on 31 March 2008. 2. trading rights in other foreign territories of CU600,000. These had an average remaining useful life of 5 years at the acquisition date. The acquisition date fair value was finalised at CU300,000 on 30 September 2008. XYZs 2007 financial statements: Recognised in profit or loss in 2007:
Amortisation of trademarks and trading rights for 6 months based on their provisional values Intangible assets: Trademarks and trading rights at provisional values less 2007 amortisation
52
Illustrasi 7.
XYZs 2008 financial statements: The finalisation of the fair value of the trademarks is made within the measurement period (12 months from the acquisition date), so it is related back to that date. The finalisation in respect of the trading rights is made after the end of that period, so it is recognised in profit or loss prospectively from 30 September 2008. For the trademarks, the 2007 comparative figures will be restated for the revised amortisation and carrying amount.
53
Illustrasi 8
ABC acquired an 80% interest in DEF for CU900,000. The carrying amounts and fair values of DEFs identifiable assets and liabilities at the acquisition date were as follows: Carrying Fair Amounts value
Tangible non-current assets Intangible non-current assets Current assets Liabilities Contingent liabilities CU000 375 0 400 (300) 0 CU000 350 200 350 (300) (30)
475 570 ABC has decided to measure the non-controlling interest at its share of DEFs identifiable net assets. The goodwill calculation is as follows.
Consideration transferred Non-controlling interest (20% of CU570 fair value) Fair value of net assets acquired Goodwill 570 444
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Illustrasi 9
Assuming the same facts as in Illustration 8 above except that the consideration transferred was CU400,000 rather than CU900,000. The gain arising on this business combination is:
Consideration transferred Non-controlling interest (20% of CU570 fair value) Net assets acquired Gain on bargain purchase (negative goodwill) CU000 400 114 514 570 (56)
The gain of CU56,000 should be recognised in profit or loss in the year of acquisition.
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Illustrasi 10
Assuming the same facts as in Illustration 7 and that goodwill in the acquisition was measured at CU4.8 million. The finalisation of the fair value of the trademarks will result in an increase in their carrying amount at the acquisition date of CU100,000, so goodwill should be reduced by the same amount. The 2007 comparative figures in the 2008 financial statements should be restated by these amounts.
Note also that the 2007 amortisation should be increased by CU5,000 (CU100,000/10 years) 6/12months) and the 2007 profit reduced (or loss increased) by the same amount.
56
Review 1
A parent entity is acquiring a majority holding in an entity whose shares are dealt in on a recognised market. Under IFRS3 Business combinations, which TWO of the following measurement bases may be used in measuring the non-controlling interest at the acquisition date? A. The nominal value of the shares in the acquiree not acquired B. The fair value of the shares in the acquiree not acquired C. The non-controlling interest in the acquiree's assets and liabilities at book value D. The non-controlling interest in the acquiree's assets and liabilities at fair value
57
Review 2
In a business combination, an acquirer's interest in the fair value of the net assets acquired exceeds the consideration transferred in the combination. Under IFRS3 Business combinations, the acquirer should (select one answer) A. recognise the excess immediately in profit or loss B. recognise the excess immediately in other comprehensive income C. reassess the recognition and measurement of the net assets acquired and the consideration transferred, then recognise any excess immediately in profit or loss D. reassess the recognition and measurement of the net assets acquired and the consideration transferred, then recognise any excess immediately in other comprehensive income
58
Review 3
Should the following costs be included in the consideration transferred in a business combination, according to IFRS3 Business combinations? (1) Costs of maintaining an acquisitions department. (2) Fees paid to accountants to effect the combination. Cost (1) Cost (2)
A. No No B. No Yes C. Yes No D. Yes Yes
59
Review 4
Are the following statements about an acquisition true or false, according to IFRS3 Business combinations? (1) The acquirer should recognise the acquiree's contingent liabilities if certain conditions are met. (2) The acquirer should recognise the acquiree's contingent assets if certain conditions are met. Statement (1) Statement (2) A. False False B. False True C. True False D.True True
60
Review 5
The Pendle Company acquired a 30% equity interest in The Terata Companymany years ago. In the current accounting period it acquired a further 40% equity interest in . Are the following statements true or false, according to IFRS3 Business combinations? (1) Pendle's pre-existing 30% equity interest in Terata should be remeasured at fair value at the acquisition date. (2) Pendle's net assets should be remeasured at fair value at the acquisition date. Statement (1) Statement (2) A. False False B. False True C. True False D. True True
61
Review 6
On 1 July 20X7 The Magna Company acquired 100% of The Natural Company for a consideration transferred of CU160 million. At the acquisition date the carrying amount of Natural's net assets was CU100 million. At the acquisition date a provisional fair value of CU120 million was attributed to the net assets. An additional valuation received on 31 May 20X8 increased this provisional fair value to CU135 million and on 30 July 20X8 this fair value was finalised at CU140 million. What amount should Magna present for goodwill in its statement of financial position at 31 December 20X8, according to IFRS3 Business combinations? A. CU25 million B. CU40 million C. CU20 million D. CU60 million
62
Review 7
The Lampard Company acquired a 70% interest in The Ohau Company for CU1,960,000 when the fair value of Ohau's identifiable assets and liabilities was CU700,000 and elected to measure the non-controlling interest at its share of the identifiable net assets. Annual impairment reviews of goodwill have not resulted in any impairment losses being recognised. Ohau's current statement of financial position shows share capital of CU100,000, a revaluation reserve of CU300,000 and retained earnings of CU1,400,000. Under IFRS3 Business combinations, what figure in respect of goodwill should now be carried in Lampard's consolidated statement of financial position? A. CU1,470,000 B. CU160,000 C. CU1,260,000 D. CU700,000
63
Review 8
The National Company acquired 80% of The Local Company for a consideration transferred of CU100 million. The consideration was estimated to include a control premium of CU24 million. Local's net assets were CU85 million at the acquisition date. Are the following statements true or false, according to IFRS3 Business combinations? (1) Goodwill should be measured at CU32 million if the non-controlling interest is measured at its share of Local's net assets. (2) Goodwill should be measured at CU34 million if the non-controlling interest is measured at fair value. Statement (1) Statement (2) A. False False B. False True C. True False D. True True
64
Review 9
The Mooneye Company acquired a 70% interest in The Swain Company for CU1,420,000 when the fair value of Swain's identifiable assets and liabilities was CU1,200,000. Mooneye acquired a 65% interest in The Hadji Company for CU300,000 when the fair value of Hadji's identifiable assets and liabilities was CU640,000. Mooneye measures non-controlling interests at the relevant share of the identifiable net assets at the acquisition date. Neither Swain nor Hadji had any contingent liabilities at the acquisition date and the above fair values were the same as the carrying amounts in their financial statements. Annual impairment reviews have not resulted in any impairment losses being recognised. Under IFRS3 Business combinations, what figures in respect of goodwill and of gains on bargain purchases should be included in Mooneye's consolidated statement of financial position? A. Goodwill: CU580,000 , Gains on the bargain purchases: CU116,000 B. Goodwill: Nil , Gains on the bargain purchases: CU116,000 C. Goodwill: Nil, Gains on the bargain purchases: Nil D. Goodwill: CU580,000, Gains on the bargain purchases: Nil
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Review 10
On 1 October 20X7 The Tingling Company acquired 100% of The Greenbank Company when the fair value of Greenbank's net assets was CU116 million and their carrying amount was CU120 million. The consideration transferred comprised CU200 million in cash transferred at the acquisition date, plus another CU60 million in cash to be transferred 11 months after the acquisition date if a specified profit target was met by Greenbank. At the acquisition date there was only a low probability of the profit target being met, so the fair value of the additional consideration liability was CU10 million. In the event, the profit target was met and the CU60 million cash was transferred. What amount should Tingling present for goodwill in its statement of consolidated financial position at 31 December 20X8, according to IFRS3 Business combinations? A. CU94 million B. CU80 million C. CU84 million D. CU144 million
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Review 11
100% of the equity share capital of The Raukatau Company was acquired by The Sweet Company on 30 June 20X7. Sweet issued 500,000 new CU1 ordinary shares which had a fair value of CU8 each at the acquisition date. In addition the acquisition resulted in Sweet incurring fees payable to external advisers of CU200,000 and share issue costs of CU180,000. In accordance with IFRS3 Business combinations, goodwill at the acquisition date is measured by subtracting the identifiable assets acquired and the liabilities assumed from A. CU4.00 million B. CU4.18 million C. CU4.20 million D. CU4.38 million
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Review 12
The Gebbies Company acquired 100% of The Okalua Company for a consideration transferred of CU112 million. At the acquisition date the carrying amount of Okalua's net assets was CU100 million and their fair value was CU120 million. How should the difference between the consideration transferred and the net assets acquired be presented in Gebbies's financial statements, according to IFRS3 Business combinations? A. Gain on bargain purchase of CU8 million recognised in other comprehensive income B. Gain on bargain purchase of CU8 million deducted from other intangibles assets C. Gain on bargain purchase of CU8 million recognised in profit or loss D. Goodwill of CU12 million as an intangible asset
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TERIMA KASIH
Dwi Martani Departemen Akuntansi FEUI martani@ui.ac.id atau dwimartani@yahoo.com 08161932935 atau 081318227080
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