Icaew diploma in ifrss

ICAEW\DIPLOMA IN IFRSs Page
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1(n) ABC acquired 40% (40 million shares) of DEF on 1 July 2009 for $202 million when the fair value of DEF's identifiable net assets was $476 million. On 1 March 2010, ABC acquired an additional 20% holding in DEF for $108 million when the fair value of DEF's identifiable net assets was $484 million. The book value of DEF's net assets at that date was $444 million. ABC decided to measure the non-controlling interests in DEF acquisition at their fair value.
DEF's share price was $5.05 on 1 July 2009 and $5.20 on 1 March 2010.
Requirement
Determine the goodwill relating to DEF to be recognised in ABC Group's financial statements for the year ended 31 December 2010 under IFRS 3 Business Combinations.
(3 marks) o) A company issued $20 million of $100 9% bonds at par on 1 January 2009. The maturity date of the bonds is 31 December 2012. At that date the bonds are redeemable at par or convertible to ordinary shares on the basis of 14 ordinary shares for each $100 bond. The market interest rate for identical bonds with no conversion rights would have been 5.5% every six months. Coupon interest is paid in two instalments of 4.5% in arrears on 30 June and 31 December. Cumulative discount factors (which you should use where appropriate

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