企业合并3高财部分 根据 ifrs3 Consolidated Statement of Financial Position

The mechanics of consolidation
(W1) establish the group structure
P Date of Acquisition S This indicates that P owns 80% of the ordinary shares of S and when they were aquired
Cont.
(W2) Net assets of subsidiary
At date of acquisition $ At the reporting date $
Share capital x Reserves: Retained earnings x x
x
x x
Cont.
(W3) Goodwill- proportion of net assets method (old method)
Positive goodwill is presented as a non-current asset on the face of the consolidated statement of financial position and is subject to impairment review to assess whether its value has fallen.
Session 3
Consolidated Statement of Financial Position
Consolidated Statement of Financial Statement
1. 2. 3. 4. 5. 6. 7. 8.
Principles of the consolidated statement of financial position Pre-acquisition profits and group reserves Non-controlling interests Intra-group trading Goodwill Fair values Unrealised profit Mid-year acquisitions
There has been no impairment in the value of goodwill. Prepare the consolidated statement of financial position of Austin as at 31 December 20x7.
1. Principles of the consolidated statement of financial position
The basic principle is that it shows all assets and liabilities of the parent and subsidiary Intra-group are excluded
Purchase consideration For: Parents % of sub’s net assets@ acq Goodwill on acquisition Less: Impairment to date Carrying goodwill x x x x x
Cont.
Or: Fair value method (new method) Purchase consideration x For: Parents % of sub’s NA@acq (x) Goodwill on acquisition – parent share x FV of NCI@acq Less: NCI % of subs NA@acq Goodwill – NIC share x (x) x
Illustration 1 – Principle of the consolidated SFP
Statement of financial position at 31 December 20X4 Non-current assets Investment in S at cost Current assets
Test your understanding 1
Daniel acquired 80% of the ordinary share capital of Craig on 31 December 20x6 for $78,000. At this date the net assets of Craig were $85,000. What goodwill arises on the acquisition 1. If the NIC is valued using the proportion of net assets method 2. If the NCI is valued using the full goodwill method and the fair value of the NCI on the acquisition date is $21,000?
Cont.
There are 2 methods in which goodwill may now be calculated following the update to IFRS3. 1. Partial goodwill 2. Full goodwill
cont.
Partial goodwill (old method)
Cost of investment For: Parents share of sub’s NA@acq Goodwill on consolidation (parent’s share) X (X) X
Cont.
Full goodwill (new method) Cost of investment For: Parents share of sub’s NA@acq Goodwill- parents share F.V of NCI at acquisition Less: NCI share of NA@acq Goodwill- NCI share Total goodwill X (X) X (X) X
Austin $ Reed $
Non-current assets:
Tangible Investments: shares in Reed 80,000 17,000 97,000 Current assets 198,000 295,000 Capital and reserves: Share capital Retained earnings 100,000 30,000 130,000 Current liabilities: 165,000 295,000 10,000 5,000 15,000 17,000 32,000 24,000 32,000 8,000
X
X
Cont.
This method is referred to as the full goodwill method, as it results in 100% of the goodwill being shown in the group statement of financial position – that belong to the shareholders of the parent and that belonging to the non-controlling interest.

Method of preparing a consolidated stateme来自百度文库t of financial position
The investment in the subsidiary (S) shown in the parent’s (P’s) statement of financial position is replaced by the net assets of S. The cost of the investment in S is effectively cancelled with the ordinary share capital and reserves of the subsidiary
Illustration 2 – principle of the consolidated SFP
Consolidated statement of financial position Austin buys all of the share capital of Reed on 31 December 20x7 The SFPs of the two companies at 31 December 20x7, are as follows:
P $000 60 50 40 150
100 30 20 150
S $000 50
40 90 40 10 40 90
Ordinary share capital ($1 shares) Retained earnings Current liabilities
P acquired all the shares in S on 31 December 20x4 for a cost of $50,000. Prepare the consolidated statement of financial position at 31 December 20x4.
Cont.
Where less than 100% of the subsidiary is acquired, the value of the subsidiary comprises two elements: The value of the part acquired by the parent The value of the part not acquired by the parent, known as the non-controlling interest
Cont.
(W4) Non-controlling interest (NIC)
NIC % of net assets at reporting date(W2)
Cont.
(W5) Group retained earning
P’s retained earnings (100%) S: group share of post-acquisition retained earnings Less: Goodwill impairments to date(W3) x x (x) x

Cont.
This leaves a consolidated statement of financial position showing: The net assets of the whole group (P+S) The share capital of the group which always equals the share capital of P only The retained profit, comparing profit made by the group (i.e. all of P’s historical profits + profits made by S post-acquisition).
Goodwill

The value of a company will normally exceed the value of its net assets. The difference is goodwill. Where 100% of the subsidiary is acquired, the calculation is therefore: $ Cost of investment(value of the subsidiary) x Net assets of subsidiary x Goodwill x