7.

SUGAR

c) PRE POPULATED SPREADSHEET

CASH FLOW FROM INVESTING ACTIVITIES

DRAFT 1
proceeds form PPE -2000
purchase of Intangible asset -12051
purchase of subsidiary
proceeds from sale of PPE
purchase of butter co
NET CASH USED IN INVESTING

CASH FLOW FROM FINANCING ACTIVITIES

proceeeds from the issue of shares 1500

dividend paid

NET CASH GENERATED IN FINANCING

CONSOLIDATED BALANCE SHEET 20X8

$'000
NON CURRRENT ASSET
intangible asset 33456
PPE 55124

EQUITY
share capital 23000
other componen ts of equity 33600
NCI 30152

CONSOLIDATED STATEMENT OF PROFIT AND LOSS

$'000
profit attributable to NCI 9162

WORKING NOTE
1. INTANGIBLE ASSET

b/f 15865
intangible of subsidiary 6781
amortisation -3500
goodwill 2259
21405
acquired IA cash balancing OUTFLOW 12051
c/f 33456
2. GOODWILL

fv of 40% initial shareholding (10M*40%*3.8) 15200

fv of share for share exchange (10M*30%*1/2*6) 9000
purchase consideration 3000
fv of nci (10M*30%*3.8) 11400

fv of net asset of subsidiary (35741+600) -36341

goodwill 2259

PURCHASE CONSIDERATION 3000

3. PPE

selling price - cost = loss

selling price 4370

cost 6370

loss -2000

procceds INFLOW OF CASH 4370

4. SHARES
share capital share premium
b/f 20000 18000
share for share exchnage 9000

issue of shares
c/f 23000 33600

issue of shares INFLOW OF CASH 9600

5. NCI

b/f 12914
NCI OF SUB 11400
sub post acquisition profit (question) 9162
33476
dividend paid (balancing figure) 3324
c/f 30152
 dividend paid CASH OUTFLOW 3324

5 CHUKLE CO
c) iii) PRE POPULATED SPREADSHEET
DRAFT ADJUSTMENT 1
ASSET $m
NON CURRENT ASSET

PPE 2021
investment in associate 100 18.6
further investment in associate 66 -66
goodwill 0
other NCA 186
2373
CURRENT ASSET 542

TOTAL ASSET 2915

EQUITY
share capital 150
other components of equity 370
retained earnings 1157 18.6
1677
NCI 0
grin equity 348

TOTAL EQUITY 2025

LIABILITIES
NON CURRENT LIBILITIES
deferred tax liability 314
314
CURRENT LIABILITIES 576

TOTAL LIABILITIES 890

TOTAL EQUITY AND LIABILITIES 2915

WORKING NOTE
1. GOODWILL
 FV OF CONSIDERATION PAID 66
FV OF PREVIOUSLY HELD 127
FV OF NCI 206.752
NET ASSET OF SUBISIRY -397.6

GOODWILL 2.152

2. NET ASSET OF SUBISDARY

CARRYING AMOUNT 348
FV OF UPLIFTMENT LAND 10
INVENOTRY 47
CUSTOMER BASE 5
DTL -12.4

NET ASSET FV 397.6

8) b) G
i OODWILL acqusition exchange rate
$1 = 8Gr
$1 = 4 dinar
1 dinar = 2 Gr
Grommits million
Purchase consideration 192
NCI 48
net asset of subsidiary
grommits -43
50 dinars -100
customer contract -15

net asset of subsidiary -158

RATE
GOODWILL ON ACQU 82 8
imapirment of goodwill (30%) -24.6 7

GAIN ON EXCHANGE (B/F)

GOODWILL AT REPORTING DATE 57.4 7

11 MOYES
a) i) CALCULATION OF STATEMNET OF CASH FLOW

CASH GENERATED IN OPERATING ACTIVITIES

 PROFIT BEFORE TAX 209
SHARE OF PROFIT IN ASSOCIATE -67
SERVICE COST 24
CONTRIBUTION SCHEME -15
IMAPIRMENT (GOODWILL) 10
DEPRICIATION 99
IMPAIRMENT PPE (43-20) 23
LOSS ON INVNETORY W1 6

WORKING CAPITAL CHANGES 289

INVENTORY 33
RECEVIABLES -7
PAYABLES 18

CASH GENERATED FROM OPERATING ACTIVITIES 333

6 COLUMBIA CO
C) DRAFT FINACIAL SATTEMENT

ASSET DRAFT ADJUSTMENT 1

$m
NON CURRENT ASSET
PPE 417
Financial asset 23 2.2
investment in subsidiary 21.3 -21.3
goodwill
defined benfit pension surplus 20
other NCA 47
528.3

CURRENT ASSET 115

TOTAL ASSET 643.3

EQUITY
share capital 40
OCE 92
retained earnings 288

420
NCI 0
peru equity 32

TOTAL EQUITY 452

LIABILITY
 NON CURRENT LIABILITY
loans 50

50

CURRENT LIABILITY
contract liability 55
other current liability 86.3

141.3

TOTAL LIABILITY 191.3

TOTAL EQUITY AND LIABILITY 643.3

WORKING NOTE
1. CALCUALTION OF GOODWILL

PURCHASE CONSIDERATION

CASH (83*50%*5M 20
SHARE EXCHANGE (1/20*50%*5M*10 1.3

FV OF NCI (50%*5M*8) 20

FV OF NET ASSET -35.8

GOODWILL 5.5

2. FV OF NET ASSET

NET ASSET AS PER QUESTION 32

FV ADJUSTMENTS

INCREASE IN BONDS 2.2

INCREASE IN BRANDS 1
INCREASE IN DEFRRED INCOME 0.6

FV OF NET ASSET AT ACQUISITION 35.8

9 LUPLOID
a) ii) GOODWILL CALCULATION FULL GOODWILL
$m
PURCHASE CONSIDERATION 90
 FV OF NCI 22

FV OF NET ASSET 88

GOODWILL 24

b) impairment loss using full goddwill method

original CA Impairment lorevised CA

$m $m $m
land n building 60 -4 56
machinery plant 15 -1.25 13.75
intangibles asset than goodwill 9 -0.75 8.25
goodwill 24 -24 0
Current asset 22 0 22

130 30 100

pro rata basis

remaining impairment 2
allcatio between machinery and IA
alloaction
machinery 15 1.25
IA 9 0.75

total 24

impairment loss using proportionate goddwill method

original CA Impairment lorevised CA

$m $m $m
land n building 60 -4 56
machinery plant 15 -1.25 13.75
intangibles asset than goodwill 9 -0.75 8.25
goodwill here it needs to be gr 24.5 -24.5 0
Current asset 22 0 22

130.5 30.5 100

1 KABELO
a) i) CONSOLIDATED FINANCIAL CASH FLOW
CASH INFLOW FROM OPERATING ACTIVITIES

PROFIT BEFORE TAXATION 1318100

DEPRECIAITION 625060
IMPAIRMENT
INCREASE IN INVENTORIES -658100
INCREASE/ DECREASE IN TRADE RECEIVABLE -211500
INCREASE /DECREASE IN TRADE PAYABLES 93900

CASH GENERATED FROM OPERATIONS 1167460

TAX PAID -385600

CASH INFLOW OF OPERAING ACTVITIES 781860

CASH FLOW FROM INVESTING ACTIVITIES

ACQUISITION OF PPE -543600
CONSIDERATION PAID TO ACQUIRED TRUDOS

CASH FLOW FROM INVESTING ACTIVITIES -543600

WORKING NOTE
1. impairment of goodwill

goodwill at acqusition

cash consideration (100000*80%*5) 400000

share n share exchnage (100000*80%*1/4*13 260000

purchase consideration 660000

FV OF NCI at acqusition (100000*20%*8) 160000
FV of net asset at acqusition -782600

goodwill at acquisition 37400

CA of goodwill 441100
478500
impairment 31100
goodwill at reporting 447400

2. FV of net asset at acqusition

carrying amount of net asset 747600

FV adjustment upliftment 50000
deferred tax on FV uplift (30%*50000) -15000
 FV OF NET ASSET AT ACQUISITION 782600

4 LUNA
a) iii) CONSOLIDATED PROFIT AND LOSS
LUNA
REVENUE 29,812,540
COST OF SALE 18,154,020

PROFIT ATRIBUTABLE TO NCI (165056*9/12*20%) +(165056*3/12*30%)

2. Cost of sale in luna co

WORKING NOTE selling price
1. revenue 350000 cost
650000
profit
total profit
13 JOCATT
a) GOODWILL
$m
FV of previously held interest 5
FV of purchase consideration 30

FV of NCI 20
FV of net asset of subsidiary at acqusition -42

goodwill 13

net asset of subsidary

FV of net asset excluding tax 45

FV adjustment defreed tax (10*30%) -3

FV of net asset 42

temporary difference = carrying amount - tax base

carrying amount 45
tax base 35

tempoaray difference 10

DTL 3
b) PRE POPLUATED SPREADSHEET

DRAFT CONSOLIDATED CASH FLOW

CASHFLOW FROM OPERATING ACTIVITES $m ADJUSTMENT

profit before taxatiom 44 1
finance cost 8
gain on tirget -1
depreciation
pension service cost
cash paid to benefit scheme WN1
decrease in inventories 23
decrease in receiavbles 51
increase in payables 89

cash genearted from operating 215

interest paid -8
tax paid -18

cash flow from operation 189

cash flow from financing

proceeds from the issue of shares 15
repayment from long term borrwoing
dividend paid to NCI

cash used from financing 15

WORKING NOTE
1. defined benfit scheme

opening balance 22
interest component 2
serivce component 16
net gain on remeasurement -8
contribution (balancing figure) -7
closing balnce 25

d) INVESTMENT IN ASSOCIATE
dinar $1
1-Dec 5 1
31-May 6 1
30-Nov 7 1

average rate 5.8

cost of investment
 dinars exchange
cost of associate
cash 6m dinar /6 6 6
share (1m*$2) 12 6

share of profit (40m*6/12*30%) 6 5.8

exchange loss
clsing investment in associate 24 7

18 TRAVELER
a)

CONSOLIDATED FINANCIAL STATEMENT

ASSETS

NCA
PPE 1845
goodwill 69.2
fiancial asset 138

CURRENT ASSET 2198

TOTAL ASSET 4250

EQUITY AND LIABILITY

EQUITY
share capital 1120
retained earnings and OCE 1150
NCI 343.5

TOTAL EQUITY 2613

LIABILTITY

NON CURRENT LIABILITY 851

CURRENT LIABILITY 786

TOTAL EQUITY AND LIABILITY 4250

WORKING NOTE
1. group structure
traveller data captive
opeing 1.12.X0 60% 1.12.X0 80%
year end 30.11.X1 20%
2. net asset

DATA at acqu at report

share capital 600 600

retained earnings 299 442
OCE 26 37
FV Adjustment (balancing 10 10
land
935 1089

net asset movement 154

OCE 11
Retanied equity 143

CAPTIVE at acqu at report

share capital 390 390

retained earnings 90 169
OCE 24 45
FV Adjustment (balancing 22 22
land
526 626

net asset movement 100

OCE 21
Retanied equity 79

3. Goodwill

DATA full method

FV of consideration for 60% int 600
FV of consideration
FV of NCI 395
FV of net asset -935

goodwill at acqusition 60
impairment -50

goodwill at reporting 10

CAPTIVE partial method

FV of consideration 541
FV of NCI 105.2
FV of net asset -526
goodwill at acqusition 120.2
impairment -61

goodwill at reporting 59.2

4. NCI $m
NCI in data at acusition 395
NCI % of data post acqusition 61.6
reduction in NCI -228.3
imapirment of data godwill -10

NCI in captive at acqusition 105.2

NCI % Captive post acqusition net asset 20

NCI 343.5

5. resevers

traveller retained earnings and OCE 1126

sale procceds of NCA -56
impairment of goodwill data -40
impairment of cative -61
parent share post acqusition
data (60/100*143) 85.8
captive (80/100*79) 63.2

NCI share
data (60/100*11) 6.6
captive (80/100*21) 16.8
postive movement in equity 8.3

1150

54 TOOBASCO
b) i) ADJUSTMENT OF CASHFLOW FROM OPERATION
draft net cashflow fromoperating
cash inlfow of cars
share of profit non cash item
associate profit
foreign exchange loss non cash item
tax credit not recorded
reclassfiication of interest for PPE

net cash floe generated from operating activity

ii) FREE CASHFLOW RECONCILIATION

 net cash floe generated from operating activity
net capital expendiutre
purchase of associate
dividend
interest received
interest paid
pension deficit

FREE CASHFLOW RECONCILIATION

working note
purchase of associate

purchase price 20
share of dividend -1
share of profit 4

carrying amount 23

10. CARBISE
A) ii) GOODWILL
$ dinar
1.1.X2 1 0.5
31.12.X5 1 0.38
30.10.X6 1 0.35
AVER 30.1 1 0.37
AVE 31.12. 1 0.4

dinar
Purchase consideration
cash 100

FV of NCI 22
FV of net asset -80

1-Jan gooswill at acqusition 42

goodwill at acquisition 84 dollar

dinar
1-Jan opening goodwill 42
31-Dec impairment of goodwill 6
31-Dec clsoing goodwill 36
 exchange gain
30-Sep goodwill 36

$m
goodwill at acqusition 84
exchange gain 8.1
closing goodwill 102.9
FV OF NET ASSET
dinar
carrying amount 60
FV adjust 20

FV OF NET ASSET 80

b) exchnage diffrence of net asset and profit

dinar
opening net asset 1 jan X6 64
share of loss 6.75
exchange gain
cloisng asset 57.25

share of parent in gain 10.7

share of NCI in gain 2.7

working note
dep add dep
4 0.75

c) i) GROUP PROFIT OR LOSS ON DISPOSAL

$m
procceds 150
FV of retined interest 0
NCI 48.5
goodwill at DD -102.9
net asset at DD -164
-68.0
recycled exchange gain 76
group profit on disposal 8.5

WORKING NOTE
NCI on 1 jan X6 47.8
share in loss -3.6
share in gain 4.3

NCI at DD 48.5
 15 ASHNATI

B) PRE POPULATED
CONSOLIDATED STATEMENT OF PRFOIT AND LOSS
DRAFT 1 2
revenue 1045.1 -71.4
cost of sale -823.6 42.2

gross profit 221.5

operating expense -114.1 19.2

operating profit 107.4

investment income 14.3
finance cost -8.9 1.1
profit on sale of ceram 3.8
share of profit in asscoaite

profit before tax 112.8

income tax expense -36.5 1.9

proft for the year 76.3

profit attributbale

parent 70.5 3.8 -5.6

NCI 5.8 -1.4

76.3

working note
1. profit or loss on ceram
$m
proceeds 90
FV of retained interesst 45
NCI @DD 35

Goodwill @DD -6.2

net asset @ DD -160

profit on disposal 3.8

ANGEL PAST PRACTICE

A) CONSLIDATED CASHFLOW

CASHFLOW FROM OPERATING ACTIVITIES

Profit before tax

adjustment due to non cash item
fiance cost
share of profit in associate
gain on disposal PPE
dep
impairment of goodwill
impairmen tof IA
profit on sale of financial asset
service cost & interest

working capital movement

decrease in receivables
decrease in inventory
decrease in payables

cash generated from operations

interest paid
tax paid
contribution paid
CASH FLOW FROM OPERATING ACTIVITIES

CASH FLOW FROM INVESTING ACTIVITIES

purchase of subisidary
proceeds of PPE
dividend received in associate
purcahse of PPE
purchase of assocaite
proceeds from sale of financial asset
purchase of financial asset
CASH FLOW FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING ACTIVITIES

share issue
dividend paid
repayment of laon
dividend paid to NCI

CASH FLOW FROM FINANCING ACTIVITIES

 NET CASHFLOW
OPENING CASH BALANCE

CLOSING CASH BALANCE

WORKING NOTE
1 PPE

opening balance
dispossal of PPE

dep
sweety PPE
revaluation of PPE

purcashe of PP
closing balance

4. other IA

opeining balance
impairment
clsoing balance

34. ELOA
a)ii) CRITERIA
revenue
division internal external total revenue

tennisgear 0 16 16
badminton 0 1.6 1.6
squashrack 0 1.8 1.8
casualwear 10.8 1.2 12

total 10.8 20.6

total revenue 3.14

total asset 4.2
total profit 0.64
 75% condition

operating segment external revnue

tennisgear 16
casualwear 1.2

total external revnue 20.6

thereshold
tennisgear 77.7
casual wear 5.8

48. b) guidance
i) 20X5 20X6
Net profit after 30 38
sales 200 220
asset 250 210
equity 175 100

ROE 0.17142857 0.38

ROE % 17 38%
NET PROFIT MARGIN 15% 17%
ASSET TURNOVER 0.8 1.0
EQUITY RATIO 1.4 2.1

20X6
b) ii) Net profit after 38
sales 220
asset 210
equity 100

20X5 20X6
Net profit after 30 34
sales 200 220
asset 250 290
equity 175 176

ROE 0.17 0.19

20X5 20X6 (adjusted)

ROE % 17% 19%
NET PROFIT MARGIN 15% 15%
ASSET TURNOVER 0.8 0.8
 EQUITY RATIO 1.4 1.6

2. GREER
B) GOODWILL $m

FV of purchase consideration for 65% 71

FV of previouly held interest 35% 31.5

FV of net assset at sub -87

GOODWILL 16

ASSOCAITES

CA 36

FV 31.5

loss on associate 4.5

17. PARSLEY

DRAFT SOPL. 1 2 3 4

revenue 256.7 -51

cost of sale -130.4 31.5 -0.4

gross porfit 126.3

distribtuin cost -19 4.5
adminirattive -39.3 7.5 -0.9
gain on FV movement in associate 1.6

operating profit 68
investment income 3 -1.5 -4
finance cost -6.7 3
share of profit in assocaite 1.35

profit before tax 64.3

income tax -14.7 1.5

profit for the year 49.6

OCI
remeasurement -1.4
retranslation reserve 5.8
total compherensive 48.2

WORKING NOTE
1. GOODWILL ON ACQUSITION OF SAFFRON

EXCHANGE RATE FR $
1-May 5 1
30-Apr 4 1
AVERAGE RATE 4.6 1
FR EXCHANGE $
purchase consideration 71 5 14.2
FV of NCI 29 5 5.8
FV of net asset -70 5 -14

GOODWILL AT ACQUSITION 30 5 6
imapirment of goodwill -4 4.6 -0.9
5.1
Retranslation gain 1.4
GOODWILL AT REPORTING DATE 26 4 6.5

2. FV adjsutment
FR exchange $
brand 10 4 2.5
deprec 2 4.6 0.4

3. RETRANSLATION OF NET ASSET

FR exchange $
opening 70 5 14
profit 28 4.6 6.1
20.1
Retranslation gain 4.4
closing 98 4 24.5

total RETRANSLATION GAIN 5.8

3. LOAN (FA)
$
PV of cashflow 50
market interest rate 3%
cashflow discount PV
30.04.X4 1.5 0.943396 1.4
30.04.X5 1.5 0.889996 1.3
30.04.X6 51.5 0.839619 43.2
total 46.0

4. AMOTISATION COST interest 6%

opening balnce 46.0

interest 2.8

cash recevied -1.5

closing balance 47.2

14. ZIPPY
draft 1 2 3 4
revenue 267 99
cost of sale -154 -57

gross porfit 113

adminirattive -65 -9
other expense -23 -13.5

operating profit 25
investment income 24 -14 14.25
finance cost -8 -4.5
loss on disposal -8
share of prfoit on 3 month 3.2

profit before tax 41

income tax -13 -5.25

profit for the year 28

OCI
gain on revaluation 5 12
share of OCI in 3 month 1.6
total compherensive 33

WORKING NOTE
1 GODWILL
purchase consideration 90
FV of NCI 50
FV of net asset -114

godwill 26
impiarment 0
goodwill on reporting date 26

2 step disposal

control to NO control

proceeds 44
fv of interest held 62

106
goodwill -26
NCI 66
net asset of sub DD -154

loss on diposal -8

3 NCI at DD

NCI at acqui 50
share of profit post 16

NCI at DD 66

4. FV of net asset at ginny DD

as per question 1.07.20X5 118

profit for 9 months 36

net asset on 31.03.X6 154

 ADJUSTMENTS
2 3 4 5 6 total
2000 0
-12051
-1766 -1766
4370 4370
-5000 -5000
-14447

8100 9600
-3324 -3324

6276

20X7
$'000

15865
52818

20000
18000
12914
total
38000
9000
47000
9600
56600
ADJUSTMENT 2ADJUSTMENTADJUSTMEN
ADJUSTMENTOTAL

10 2031
8.4 -127 0
0
2.152 2.152
5 191
2224
47 589

2813

150
370
8.4 1184
1704
207 207
-348 0

1911

12.4 326.4
326.4
576

902.4

2813
$
10.25
-3.5
6.7
1.5
8.2

WORKING NOTE
1. INVENTORY
 $1:5 dinar $m
Purchase of80 dinar 16

loss on iventory 6
closing inve60 dinar 10

2. INVENTORY T ACCOUNT
opening inventory 165
loss on inventory -6
159
movememt in inventor 33
closing inventory 126

ADJUSTMENT 2ADJUSTMENTADJUSTMEN
ADJUSTMENTOTAL

417
25.2
0
5.5 5.5
-29 34 25
1 48
520.7

-21 94

614.7

40
13 105
-29 259

404
20 20
-32

424
 50

50

-0.6 54.4
86.3

140.7

190.7

614.7

PROPORTIONATE METHOD
$m
90
17.6

88

20
WORKING CAPIACQUSITION REVISED
1318100
625060
31100 31100
256800 -401300
220300 8800
-175400 -81500

1500260
-27600 -413200

1087060

-154060 -697660
-375100 -375100

-1072760

4. taxation
opening cuurnet 256900
opening deferre 250000

506900
adjsurtment in 15000
charge to pnl 385600

907500
tax paid (balan 413200

closing tax 494300

3. acqusition of PPE

opening balance 3125300

trudo co 421000
fair value adjustment 50000
depreciaition -625060
2971240
 additioanl purcashe (b/f) cash outflo 697660
closing balance 3668900

STRALIGHT CONSOLIDATION
14,185,160 ###
11,042,120 ###

0%) +(165056*3/12*30%) 37137.6

Cost of sale in luna co

200
80

120
600000
ADJUSTMENT ADJUSTMENTADJUSTMEREVISED
45
8
-1
27 27
16 16
-7 -7
23
5 56
-6 83

250
2 -6
-18

226

15
-7 -7
-11 -11

-3

2. NCI

opening balnce of NCI 36

NCI profit for the year 10
FV of NCI 20
dividend paid -11
closing balnce of NCI 55
$m

1
2

1
4
-1
3
 post acqusition

0
143
11
0

154

NCI 61.6

post

0
79
21
0

100

NCI 20

6. imaprimnent of goodwill
DATA
goodwill at a 60
data net asse 1089

carrying amo 1149

recoverable 1099

impairment l -50
-40 80% belongs to parent
-10 20% belongs to NCI

CAPTIVE
tial method goodwill at a 120.2
notional good 30.05
total notional goodwill 150.25
net asset 626
carrying amount 776.25
 recoverable maount 700

impairment loss -76.25

only 80% recognised as -61

7. increase in shareholding

FV of consideration 220
NCI data at a 395
NCI % of data 61.6

NCI per share 456.6

reduction in NCI 228.3

movement in equtiy 8.3

$m
278
30
-4
-12
28
6
18

344
 344
-46
-20
1
10
-18
27

298

exhange differedollar

0.5 84

exchane dollar
0.5 84
0.38 16
0.38 94.7
 8.1
0.35 102.9

exchange rate dollar

0.38 168
0.37 -18.2 150
13
0.35 164
 3 4 5 total
-15 -5 953.7
14 -767.4

186.3
-94.9

91.4
14.3
-7.8
3.8
2.1 2.1

103.8
-34.6

69.2

-1 -5 2.1 64.8
4.4

69.2

2. Intra group trsancation

$m
intra sale 10
margin 20%
unsold inventory 0.5

PURP 1
$m
188

11
-12
-14
29
26.5
90
-14
10

58
41
-210

203.5
-11
-135.5
-9
48

-28
63
3
-66
-71
40
-57
-116

225
-10
-31
-6

178
 110
355

465

3 calculation of goodwill at acqu

2 GOODWILL
465 purchase consideration
-49 opening balnce 120 FV of NCI
acusition of goodwill 11.5 FV of net asset
-29 131.5 deferred tax
14 impairment of goodwill -26.5
8 closing balance 105
409
66
475

5. ASSOCAITE 6. TAXATION

240 opening balance 0 opening tax laibility

-90 share of profit 12 tax charged
150 dividend received -3 DTL on acq of sub
9 tax in OCI
Cost of acquiring 71
closing balance 80 tax paid
closing tax

asset profit 10% meet

15 2 yes
3 0.3 no
4 0.5 no
20 3.6 yes

42 6.4
adjustment adjustment adjustmentrevised 20X6
-4 34
220
30 50 290
-4 30 50 176

20X6 ( unadjusted)
38%
17%
1.0
2.1

5 total

205.7
-99.3

106.4
-14.5
-32.7
1.6

60.8
2.8 0.3
-3.7
1.35

58.7
-13.2

45.5
-1.4
5.8
49.9
 5 total
366
-211

155
-1.2 -75.2
-36.5

43.3
4.8 29.05
-12.5
-8
3.2

55.05
-18.25

36.8

2.4 19.4
1.6
57.8
3 calculation of goodwill at acqusition

purchase consideration 30
0
FV of net asset -20
deferred tax 1.5

11.5

6. TAXATION

opening tax laibility 169

tax charged 46
DTL on acq of sub 1.5
3
219.5
135.5
closing tax 84