Groups

Question 1

Sources of power within a sub

Answer 1

contract arrangements between parent and other parties

holding majority shareholding but with the remaining equity by large, dispersed group of shareholdings

potential voting rights (share option)resulting in control gained at a specific date

Question 2

proportionate share

Answer 2

NCI % x Subs net assets at acq

Question 3

GOODWILL impairment in NCI

Answer 3

(W4) = is x % of sub

Question 4

TIP - CIT - Intra group trading

Answer 4

always assume cash or goods are received = add

always remove intra-G recive and payab = less

Question 5

PUP - if sub is seller = where are the two adjustments ?

Answer 5

W2 and reduce from inventory in CSFP