2.

2 Example : non-controlling interest

P Co has owned 75% of the share capital of S Co since the date of S Co's incorporation. Their latest statements of financial p
STATEMENT OF FINANCIAL POSITION
P Co S Co
$ $
Assets
Non current assets
Property, plant and equipment 50,000 35,000
30.000 $1 ordinary shares in S Co at cost 30,000
80,000
Current assets 45,000 35,000
Total assets 125,000 70,000
Equity and liabilities
Equity
$1 ordinary shares 80,000 40,000
Retained earnings 25,000 10,000
105,000 50,000
Current liabilities 20,000 20,000
Total equity and liabilities 125,000 70,000

Required
Prepare the consolidated statement of financial position.

STATEMENT OF FINANCIAL POSITION

P Co
$
Assets
Non current assets
Property, plant and equipment 50,000
30.000 $1 ordinary shares in S Co at cost 30,000 7,500 1,500
80,000
Current assets 45,000
piutang dividen 1,500
Total assets 125,000
Equity and liabilities
Equity
$1 ordinary shares 80,000
Retained earnings 25,000 7,500
105,000
Current liabilities 20,000
Total equity and liabilities 125,000

Bagian Laba Dari S 7,500

Bagian laba S dipindahkan ke Retained Earnings 7,500

pembagian dividen 20 % (belum di bayarkan)

test statements of financial position are given below

seteah di bagi dividen

50,000 50,000
37,500 36,000
87,500 86,000
45,000 45,000
1,500
132,500 132,500

80,000 80,000
32,500 32,500
112,500 112,500
20,000 20,000
132,500 132,500
 P Co S Co Penyesuaian dan
eliminasi
$ $ Debit
Assets
Non current assets
Property, plant and equipment 50,000 35,000
30.000 $1 ordinary shares in S Co at cost 30,000
80,000
Current assets 45,000 35,000
Total assets 125,000 70,000
Equity and liabilities
Equity
$1 ordinary shares 80,000 40,000 40000
mengeliminasi investasi di s 30 000 30000
memindahkan saham non pengendali ke NCI 10000
Retained earnings 25,000 10,000 10000
memindahkan RE non pengendali ke NCI 2,500
105,000 50,000
Non controling interest
menampung saham non pengendali
menampung RE non pengendali

Current liabilities 20,000 20,000

Total equity and liabilities 125,000 70,000 42,500
Penyesuaian dan Konsolidasi
eliminasi
Kredit

85,000
30000 -
85,000
80,000
165,000

80,000

7500 32,500

112,500
12,500
10000
2,500
125,000
40,000
42,500 165,000
Solution
All of S Co's net assets are consolidated despite the fact that the compeny is only 75% owenet. The amount of net assets attr

Non-controlling Share of Share capital (25% x $40,000)

Non-controlling Share of retained earnings (25% x $10,000)

Of S Co's share capital of $40,000, $10,000 is included in the figure for non-controlling interest, while
$30,000 is cancelled with P Co's asset invesment in S Co

The Consolidated statement of financial position can now be prepared

P GROUP
CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Assest
Property, plant and equipment
Current Assets
Total Assest
Equity and Liabilities
Equity attributable to owners of the parent
Share Capital
Retained earnings $ (25.000 + (75% x $10.000))

Non-controlling interest

Current Liabilities
Total equity and Liabilies
et. The amount of net assets attributable to non-controling interess is calculated as follows.
$
10000
2500
12500

85,000
80,000
165,000

80,000
32,500
112,500
12500
125,000
40,000
165,000