A) CONSIDARATION PAID ON THE ACQUISITION:

Share (18000X2/3) @5.5 Each 66,000

Deferred Considration (18,000 X 2.42)/1.1^2 36,000

Investment income 102,000

PATRNIC CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED 31St MARCH 2007

Sales Revenue 192,000

Cost of Sales (119,100)
Gross Profit 72,900
Distribution Cost (9,400)
Admin Expenses (16,500)
Operatiog Epenses (2,000)
Profit from Assiciated Co. (6,000 X 30%) 1,800
Finance Cost (5,000)
Profit Before Tax 41,800
Income Tax (12,800)

Profit After Taxation 29,000

Profit Attributable to:

Profit for Equity owner of P. Co. 27,400

NCI 1,600

TOTAL Profit after tax 29,000

Adjustment No 1

Property 200
Plant (2400/4) 400
Depriciation 600

Adjustment No 2

Sale to S. (1250 X 8 Months) 10,000

URP of Inventory 500

Adjustment No 3
Impariment of Goodwill 2,000

Finance Cost

Deferred Considration 36,000 10%

3,600 8/12
Interest 2,400

Calculation of NCI

PAT Of S.co (13500 X 8/12) 9,000

Depriciation (600)
Impariment of Goodwill (2,000)

NCI 6,400

NCI interest is 25% 1,600

A) CARRING AMOUNT OF INVESTMENT IN AMBER Co. (Associates)

Purchase 40% 0f 40 Million share of Amber @ 2 Per Share 32,000

Associated Co Loss (1,000)
Imparement (3,000)
URP of Inventory (240)
Carring Amount Of Investment In Amber Co. 27,760

PANDER CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED

Sales Revenue 270,000

Cost of Sales (162,740)
Gross Profit 107,260
Distribution Cost (14,700)
Admin Expenses (22,800)
Operating Expenses (2,000)
Investment Income 1,100
Loss from Associated co. (4,000)
Finance Cost (2,300)
Profit Before Tax 62,560
Income Tax (20,000)

Profit After Taxation 42,560

Profit Attributable to:

Profit for Equity owner of P. Co. 41,160
NCI 1,400

TOTAL Profit after tax 42,560

 Adjustment No 1

Fair Value Adjustmnet of Plant

Excess 5,000
Life 5
1,000
Excess Depriciation 500

Adjustment No 2
P S
Investment In Loan Note Subsidary 50,000
Interest Rate 8% 4,000
210,000 150,000 Interest Amount 2,000
(126,000) (100,000)
84,000 50,000 Adjustment No 3
(11,200) (7,000) Dividend 8,000 80%
(18,300) (9,000) Dividend of Parent Co. 6,400

9,500

(1,800) (1,000) Adjustment No 4

62,200 33,000
(15,000) (10,000) Sale of Goods to Subsidary 15,000
47,200 23,000 (1,000) Inventory 5,000
URP of Subsidary 1,000

Sale of Goods to Associates 6,000

Inventory 3,000
URP of Associates 240

Adjustment No 6
Goodwill Impaired of Subsidary 2,000

Goodwill Impaired of Associates 3,000

Calculation of NCI

PAT OF S. Co (21000/2)-1000 9,500

Imparemnt of Goodwill (2,000)
Excess Deprication (500)

NCI 7,000

NCI is 20% 1,400

 PRODIGAL CONSOLIDATED STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st MARCH 2011

Sales Revenue 530,000

Cost of Sales (278,800)
Gross Profit 251,200
Distribution Cost (29,600)
Admin Expenses (38,500)
Finance Cost (2,100)
Profit Before Tax 181,000
Income Tax (61,900)
Profit After Taxation 119,100

Add: Other Comprehnesive Profit

Gain on Revaluation 3,500

Total Comprehnesive Profit 122,600

Profit Attributable to:

Profit for Equity owner of P. Co. 111,550
NCI 7,550

TOTAL Profit after tax 119,100

Total Comprehnesive Profit

Profit for Equity owner of P. Co. 114,800
NCI 7,800

Total Comprehnesive Profit 122,600

(II) Equity Attributable to:

Revaluation of Land (8400+2500+ 1,000X75%) 11,650

Retained Earning (90,000 +111,550) 201,550
213,200
NCI Share (100,000+7800) 107,800

Total Equity 321,000

Adjustment No 2

Transfer Plant 5,000 Adjustment No 2

Cost (4,000)
Profit for Prodigal 1,000
Depriciate (200)
URP of NCA 800

Adjustment No 3
Finance Cost
Sale to Prodigal 40,000
Cost (30,000)
Profit 10,000 25%

Inventory 12,000

URP 3,000

Calculation of NCI
PAT of S. Co. 33,000
URP of Inventory (3,000)
Depreciation 200

Total NCI 30,200

NCI Interest 25% 7,550

A) Working for Good Will

90% of Share for 2/3 shares 39,000

Deferred considration 14,400
NCI Share (10000x10% x2.5 per Share) 2,500
55,900
Faire Value of Assets at Acquisition Date (47,900)

Good Will 8,000

VIAGEM CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED 30th SEPTEMBER 2012

Sales Revenue 85,900

Cost of Sales (64,250)
Gross Profit 21,650
Distribution Cost (2,950)
Admin Expenses (7,600)
Profit from Associates 800
Finance Cost (1,500)
Profit Before Tax 10,400
Income Tax (4,000)

Profit After Taxation 6,400

Profit Attributable to:

Profit for Equity owner of P. Co. 6,180

NCI 220

TOTAL Profit after tax 6,400

 Faire Value of Assets at Acquisition Date

Equity of Share Value 10,000

Retained Earning 35,000
Profit Share after Acquisition 1,550
Fair Value Adjustment- Plant 1,800
Contigent Liability (450)
FaIR Value of Assets 47,900

Adjustment No 1

Fair Value Adjustment 1,800

Year 3
Depriciation 600

Depriciation After Acquisition 450

Adjustment No 3

Sale to Subsidary Comp. 7,200

Inventory 1,500
URP (1500 *25%/125%) 300 Markup 25%

Adjustment No 4

Dividend Income 2,000

Dividend from Associates 800

Finance Cost
Deferred Payment 14,400 10% 1,440
Interest Exp. 1,080

Adjustment No 5
Impariment of Goodwill 2,000

Calculation of NCI
S. co. PAT 4,650
Fair Value Depriciation (450)
Impariment of Goodwill (2,000)

NCI 2,200
Share of NCI 10% 220
A) WORKING FOR GOODWILL

Deferred Payment (P.V of 90,000x1.54/share) 126,000

Other Shares (60,000x1.25/Share) 75,000
201,000
Less: Fair Valur of Assets at Acquisition (196,000)

Good Will 5,000

PANKETH CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED 31st MARCH 2014.

Sales Revenue 755,000

Cost of Sales (457,300)
Gross Profit 297,700
Distribution Cost (50,000)
Admin Expenses (49,000)
Investment Income 5,800
Finance Cost (11,100)
Profit Before Tax 193,400
Income Tax (60,500)

Profit After Taxation 132,900

Other Comprehensive Income

Gain/(loss) on revaluation (1,200)

Total Comprehensive Income 131,700

Profit Attributable to:

Profit for Equity owner of P. Co. 117,700
NCI 15,200
TOTAL Profit After Tax 132,900

Total Comprehensive profit Attributable to:

Profit for Equity owner of P. Co. 116,100
NCI 15,600
Total Comprehensive Profit 131,700
 Faire Value of Assets at Acquisition Date

Equity of Share Value 75,000

Retained Earning 110,000
Fair Value Adjustment- Plant 6,000
Custome Relationship 5,000
FaIR Value of Assets 196,000

Adjustment No 1

Fair Value Adjustment Life Depriciation

- Plant 6,000 2 1,500
- Cutomer Relationship 5,000 5 500
2,000
Adjustment No 3

Sale of Goods to S.co 20,000

Inventory 4,000
URP 800

Finance Cost
Deferred Considration 126,000 10%

6,300

Calculation of NCI

PAT of S. Co. 40,000

Fair Value Adjustment (2,000)

NCI 38,000

NCI Share 40% 15,200

A) WORKING FOR GOODWILL

80% od Share 19,200

Deferred Payment 13,440
Non Controlling Interst 20% of 12000 X2.50 6,000
Investment income 38,640
Less: Fair of Net Assets at Acquisition (26,845)

Goodwill 11,795

BYCOMB CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED 31st MARCH 2015

Sales Revenue 29,300

Cost of Sales (20,830)
Gross Profit 8,470
Distribution Cost (755)
Admin Expenses (1,070)
Finance Cost (1,558)
Profit Before Tax 5,087
Income Tax (2,150)

Profit After Taxation 2,937

Profit Attributable to:

Profit for Equity owner of P. Co. 2,729

NCI 208

TOTAL Profit after tax 2,937

 Faire Value of Assets at Acquisition Date

Equity of Share Value 12,000

Retained Earning 13,500
Profit After Acquisition 625
Fair Value Adjustment- Plant 720
FaIR Value of Assets 26,845

Adjustment No 1

Fair Value 720 18 Months

Depriciation 360
P S
Adjustment No 3

24200 10800 Sale to S.co 3,000

(17,800) (6,800) Inventory 420
6,400 4,000 URP 70
(500) (340)
(800) (360) Adjustment No 5
(400) (300)
4,700 3,000 Impariemnt of Goodwill 500
(1,700) (600)

3,000 2,400 Finance Cost

Deferred Payment 13,440 10% 1,344

Interst Expense 1,008

S. Co (300-100 X 9/12) 150

Calculation of NCI

PAT OF S.Co 1,900

Fair Value of Dep (360)
Impariemnt of Goodwill (500)
NCI 1,040

Share of NCI 20% 208

A) WORKING FOR GOODWILL

60% of Share 3/5 of 15000 37,800

Deferred Payment 13,500
NCI Shares Holding (15000*0.40)X 2 each share 12,000
Investment income 63,300
Fair Value of Assets at acquisition (46,800)
Goodwill 16,500

LAURAL CONSOLIDATED STATEMENT OF PROFIT & LOSS

FOR THE YEAR ENDED 30th SEPTEMBER 20X6

Sales Revenue 112,700

Cost of Sales (74,900)
Gross Profit 37,800
Distribution Cost (3,200)
Admin Expenses (6,200)
Investment Income 300
Profit from Associates Co. 600
Finance Cost (1,110)
Profit Before Tax 28,190
Income Tax (7,500)

Profit After Taxation 20,690

Profit Attributable to:

Profit for Equity owner of P. Co. 18,370

NCI 2,320

TOTAL Profit after tax 20,690

 Faire Value of Assets at Acquisition Date

Equity of Share Value 15,000

Retained Earning 25,000
Profit After Acquisition 2,600
Fair Value Adjustment- Plant 4,000
Inventory 200
FaIR Value of Assets 46,800

Adjustment No 1
P S
Fair Value of plant 4,000 2 years
Depreciation 1,500
84,500 52,000
(58,200) (34,000) Fair Value of Inventory 200
26,300 18,000
(2,000) (1,600)
(4,100) (2,800) Adjustment No 3
500 400
Sale to Parents after acquisition 10,800
(300) - Inventory 1,800 20% Markup
20,400 14,000 URP 300
(4,800) (3,600)
15,600 10,400 Adjustment No 4

Dividend from Subsidary 500

Income from Associates 600

Finance Cost

Deferred Payment 13,500 8% 1,080

Interest Expense 810

Calculation of NCI

Pat of Subsidary 7,800

Fair Value of Plant Depriciation (1,500)
Fair Value of Inventory (200)
URP (300)
NCI 5,800

NCI Interest in holding 40% 2,320