Conso Reserves
418,450
OPTION 2 Income surplus of Victory Ltd
417,830 Group share of post of Happy
80%*(4,500-3,500)
800 Provision for unrealised profit
80%*100
(80) Impairment
100%*1,500
(1,500) Group share of post of Comfort
25%*(9,900-4,300)
1,400
Conso Reserves
418,450
JAY: How is the basic formula for Consolidated Financial Position and Performance?
KO: STEP 9: IAS 28 and IFRS 10. Consolidated financial statements Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries. According to IAS 28, an associate should be accounted for using the equity method of accounting.
Extracts (9) Victory Ltd Group Consolidated Statement of Profit and Loss for the year ended 31 Share with your friends: |
