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56 Alpha

The consolidated financial statement as of September 30, 20X2, shows Alpha with total assets of $1,139,700, and Beta with total assets of $474,250. Alpha's equity is $1,083,000 while Beta's equity is $440,000, with non-current liabilities and current liabilities detailed for both entities. The document includes adjustments for consolidation and investment in Beta, along with various financial metrics and implications for goodwill and retained earnings.

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4 views

56 Alpha

The consolidated financial statement as of September 30, 20X2, shows Alpha with total assets of $1,139,700, and Beta with total assets of $474,250. Alpha's equity is $1,083,000 while Beta's equity is $440,000, with non-current liabilities and current liabilities detailed for both entities. The document includes adjustments for consolidation and investment in Beta, along with various financial metrics and implications for goodwill and retained earnings.

Uploaded by

mdahy78
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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9:57 Consolidated statement Financial position

As of 30 September 20X2
$'000
Assets Alpha Beta
Non-Current assets
Property, Plant and equipment 680,000 430,000
Intangible assets 3,000
Investment 398,000
Goodwill
1,081,000 430,000
Current assets
inventories 30,000 28,000
Trade Receivable 16,700 9,800
Cash and Cash Equivalent 12,000 6,450
58,700 44,250
Total Assets 1,139,700 474,250
Equity and Liabilities
Equity
Share Capital($1 share) 380,000 100,000
Retained Earning 703,000 340,000
Total Equity 1,083,000 440,000
Non Controlling interest
Total Equity 1,083,000 440,000
Non current liabilities
Long-Term borrowing 4,200 8,900
Deferred Tax 3,750 4,500
Total Non current liabilities 7,950 13,400
Current liabilities
Trade and other payables 18,960 11,400
Short term borrowing 29,790 9,450
Total Current liabilities 48,750 20,850
Total Equity and liabilities 1,139,700 474,250
- -
Adj Consolidation W1 Investment in Beta

12,000 1,122,000 1
2,787 5,787
(377,750) 20,250 1.5
49,760 49,760 W2 Beta's Net assets
(313,203) 1,197,797
Share Capital($1 share)
(625) 57,375 Retained Earning
26,500 0.5 Property, Plant and equi
18,450 0.5 Contingent Liabilities
(625) 102,325 Customer list
(313,828) 1,300,122 Deferred Tax

(100,000) 380,000 0.5


(322,495) 720,505 W3
(422,495) 1,100,505
103,500 103,500
(318,995) 1,204,005 Non controlling of interes
Beta profit share
2,732 15,832 1.5 Impairment
2,435 10,685
5,167 26,517

30,360 0.5 W4 Retained earning


39,240 0.5 Alpha
- 69,600 Beta Share
(313,828) 1,300,122 Unrealsied profit
(0) (0) Deferred Tax
Impairment
Drax profit
Restoration exp
Interest expenses

W5
Goodwill
Consideration given
Non controlling of interes
(-) Net assets

Impairment
remeasured Goodwill
W6
Invest in Drax

W7
Restoration cost
Five Year
75000 75% 380,000

At date of Aqcuision At date of Reporting


100,000 100,000
275,000 340,000
20,000 12,000
(4,000) -
1,600 800
(3,520) (2,560) (960)

389,080 450,240
61,160

25,000 25% 98,000


15,290
(9,790)
103,500

703,000
45,870
(625)
125
(29,370)
2,250
(497)
(248)
720,505

380,000
98,000
(389,080)
88,920
(39,160)
49,760
25% 70,000 17,500
18,000 79,000 9,000
2,250

4000 10% 1 3,636


1 Oct 20X1 0.621 2 3,305.79
30 Sep 20X6 2484 496.8 3 3,005.26
4 2,732.05
5 2,483.69 248.37

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