TABLE OF CONTENTS | $m | $m | |
|---|---|---|
| Investment at cost (80% 30 shares $8.70) | 208.8 | |
| Less pre-acquisition dividend (80% 10 9/15) | (4.8) | |
| Fair value of net assets acquired | 204 | |
| Ordinary share capital | 30 | |
| Pre acquisition reserves (40 + 100 9/15) | 100 | |
| Revaluation reserve land (20 + 5) | 25 | |
| 155 80% | (124) | |
| Goodwill | 80 |
Goodwill should be amortised for the year ended 30 September 2002 equal to $80m/5 years 6/ 12ths = $8m.
| $m | $m | |
|---|---|---|
| Investment at cost (40% 20 shares $6) | 48 | |
| Fair value of net assets acquired | ||
| Ordinary share capital | 20 | |
| Pre acquisition reserves (14 + 36 6/12) | 32 | |
| Revaluation reserve plant | 18 | |
| 70 40% | (28) | |
| Goodwill | 20 |
Goodwill should be amortised for the year ended 30 September 2002 equal to $20m/5 years 6/ 12ths = $2m.
| $m | |
|---|---|
| Sales revenue (420 + (375 6/15) - 20 inter-co.) | 550.0 |
| Cost of sales 320 + (190 6/15) - 20 inter-co. + (20 25/125 50% = 2 profit) | 378.0 |
| Gross profit | 172.0 |
| Operating expenses (40 + (30 6/15) + 8 goodwill amortised) | (60.0) |
| Interest (12 + (10 6/15)) | (16.0) |
| Associated company (40% 48... |
