1) Basic consolidation

Calculation of goodwill - subsidiary

000

000

P
000

S
000

Cost of investment
less: net assets acquired

Share of net assets

Goodwill
Adjustments for retained earnings

Retained earnings
less: cost of investment
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

2) Goodwill
Calculation of goodwill - subsidiary
000

000

P
000

S
000

Cost of investment
less: net assets acquired

Share of net assets

Goodwill
Adjustments for retained earnings

Retained earnings
less: cost of investment
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

3) Negative Goodwill
Calculation of goodwill - subsidiary
000

000

P
000

S
000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustments for retained earnings

Retained earnings
Gain - negative goodwill
Retained earnings (adjusted)
less: cost of investment
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

4) Goodwill + Asset Revaluation

Calculation of goodwill - subsidiary
000

000

P
000

S
000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Revaluation gain/reserve
Share of net assets
Goodwill
Adjustments for retained earnings

Retained earnings
Inventory write-down
Retained earnings (adjusted)
less: cost of investment
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

5) Non-Controlling Interests
Calculation of goodwill - subsidiary
000

000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustments for retained earnings

Retained earnings
less: cost of investment
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Non-controlling interests

Current Liabilities

000

6) Non-Controlling Interests + Pre/Post Acquisition Reserves

Calculation of goodwill - subsidiary
000
000
Cost of investment
200
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustments for retained earnings
P

S
000

000

Retained earnings
less: pre-acq
Post acq RE
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

7) Intragroup - Inventory
Calculation of goodwill - subsidiary
000

000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustments for retained earnings
P

S
000

Retained earnings
Unrealised profit on stock
Retained earnings (adjusted)
less: pre-acq reserve
Ending retained earnings
Share of net assets

Unrealised profit
P to S
Price of unsold inventory
Cost of unsold inventory
Unrealised profit

000

Total RE

000

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

8) Intragroup - Inventory & Receivables/Payables + NCI

Calculation of goodwill - subsidiary
000
000
Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustments for retained earnings
P
000
Retained earnings
Unrealised profit on stock
Retained earnings (adjusted)
less: pre-acq reserve
Ending retained earnings
Share of net assets

Unrealised profit
S to P
Price of unsold inventory
Cost of unsold inventory
Unrealised profit

S
000

Total RE

000

P
NCI

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

9) Interagroup - Non-current Asset

Calculation of goodwill - subsidiary
000

000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
Adjustment for depreciation
S Ltd's depreciation
Group depreciation
Over/(under) provision

000
8
6
2

Adjustments for retained earnings

P
000
Retained earnings
Unrealised profit on asset sale
Over-depreciation
Retained earnings (adjusted)
less: pre-acq reserve
Ending retained earnings
Share of net assets

S
000

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000

000

10) Dividends + Goodwill Impairment

Calculation of goodwill - subsidiary
000

000

P
000

S
000

Cost of investment
less: net assets acquired
Share capital
Retained earnings
Share of net assets
Goodwill
less: impairment (20X9)
Ending bal - goodwill

Retained earnings
Impairment of goodwill
Retained earnings (adjusted)
less: pre-acq reserve
Ending retained earnings
Share of net assets

Total RE

P Ltd Group
Consolidated Balance Sheet as at 31 Dec 20X9
000
Non-current Assets

Current Assets

Equity & Reserves

Current Liabilities

000