Great Ltd?????Wall Ltd?2020?6?30???????????
?2017?7?1?,????????????Wall Ltd?80%????,Wall Ltd???????????????????,???????:
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???
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????
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??(??$ 75,000)
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$ 49,000
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$ 55,000
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??
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29,000
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37,000
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?????????10?,???????????????????????????????????2017?7?1???????2018?2?1??40,000?????????????????????????????
Great Ltd??????????2017?7?1?????????????31,500???
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???????
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?????
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???
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$
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316,000
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$
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220,000
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????:
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????
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5,000
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-
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??????
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5,000
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-
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?????????
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12,000
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-
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???
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338,000
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220,000
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????
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130,000
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85,000
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Manufacturing expenses
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90,000
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60,000
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Depreciation on plant
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15,000
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15,000
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Administrative
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15,000
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8,000
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Financial
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11,000
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5,000
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Other expenses
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14,000
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12,000
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Total expenses
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275,000
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185,000
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Profit before tax
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63,000
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35,000
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Income tax expense
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(25,000
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)
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(17,000
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)
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Profit
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38,000
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18,000
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Retained earnings (1/7/19)
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50,000
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45,000
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88,000
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63,000
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Transfer to general reserve
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3,000
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—
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Interim dividend paid
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10,000
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10,000
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Final dividend declared
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10,000
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5,000
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23,000
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15,000
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Retained earnings (30/6/20)
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65,000
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48,000
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General reserve
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50,000
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10,000
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Other components of equity
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13,000
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10,000
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Share capital
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300,000
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100,000
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Debentures
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200,000
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100,000
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Current tax liability
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25,000
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17,000
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Dividend payable
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10,000
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5,000
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Deferred tax liability
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—
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7,000
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Other liabilities
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90,000
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12,000
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$
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753,000
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$
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309,000
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Financial assets
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$
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50,000
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$
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60,000
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Debentures in Wall Ltd
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100,000
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—
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Shares in Wall Ltd
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131,600
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—
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Plant (cost)
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120,000
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102,000
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Accumulated depreciation – plant
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(65,000
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)
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(55,000
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)
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Other depreciable assets
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76,000
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55,000
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Accumulated depreciation
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(40,000
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)
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(25,000
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)
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Inventory
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90,000
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85,000
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Deferred tax asset
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85,400
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30,000
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Land
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201,000
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57,000
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Dividend receivable
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4,000
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—
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$
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753,000
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$
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309,000
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Additional information
a.At the acquisition date of 80% of its issued shares by Great Ltd, the equity of Wall Ltd was:
Share capital (100,000 shares)
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$100,000
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General reserve
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3,000
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Retained earnings
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37,000
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b.Inventory on hand of Wall Ltd at 1 July 2019 included a quantity priced at $10,000 that had been sold to Wall Ltd by its parent. This inventory had cost Great Ltd $7,500. It was all sold by Wall Ltd during the year.
c.In Great Ltd’s inventory at 30 June 2020 were various items sold to it by Wall Ltd at $5,000 above cost.
d??????,Wall Ltd?Great Ltd?????????60,000???????,Wall Ltd?2019?1?1???????$ 20,000??????Great Ltd.Great Ltd?????????????????????Great Ltd????????,??????20%??????Wall Ltd????,?????$ 15,000?
e?Great Ltd?????????????Wall Ltd,?????$ 2,200??????$ 2,800????Wall Ltd???????
f?Wall Ltd?????????Great Ltd???
g???????????????????????????2019?7?1?,???????10,000??(Great Ltd)?8,000??(Wall Ltd)?
h????30%?
???
:
a)??????(10?)
??conso At 2017?7?1?
Wall Company???????????????= $ 100,000 + 3000 + 37000(??)+6000(1-30%)(??)+8000(1-30%)(??)
= $ 149800
????+ NCI = $ 131,600 + 31,500
= $ 163,100
??= $ 13,300
???????
Wall???????= $ 31,500 / 20%= $ 157,500
Wall Ltd???????????????= $ 149800
Wall Ltd???= $ 7,700
???????????????= $ 5,600
b)??2020?6?30???????(51?)
c)????????????(5?)
d)w ^???????????(BCVR)??????????????(6?)
E)w ^???????????????????(3?)