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FA Section B · 15 баллов · рекомендуется: 18 мин

Consolidated statement of profit or loss (Petrel Group)

Задания на английском — языке экзамена. Компании и цифры вымышлены для тренировки.

Petrel Co acquired 60% of the equity shares of Skua Co on 1 April 20X6. Both companies have a year end of 31 December 20X6. Skua's revenue, costs and profit accrue evenly over the year.

After the acquisition Skua sold goods to Petrel for $30,000. Petrel had sold all of these goods to outside customers by the year end.

Year to 31 December 20X6Petrel CoSkua Co
Revenue$800,000$400,000
Cost of sales$500,000$240,000
Profit for the year$120,000
  1. (a) What is consolidated revenue ($)?3 баллов
  2. (b) What is consolidated cost of sales ($)?3 баллов
  3. (c) What is the profit attributable to the non-controlling interest ($)?3 баллов
  4. (d) Why are intra-group sales removed from both revenue and cost of sales?2 баллов
    Why are intra-group sales removed from both revenue and cost of sales?
  5. (e) Petrel also holds 30% of another company and has significant influence over it. How should it be accounted for in the group accounts?2 баллов
    Petrel also holds 30% of another company and has significant influence over it. How should it be accounted for in the group accounts?
  6. (f) How are Skua's profits for January to March 20X6 treated?2 баллов
    How are Skua's profits for January to March 20X6 treated?
15 баллов