# dfs dec 08

Registered Posts: 1,800
q 1.3

attempting to do the consolidated sofp for tolsta - but my goodwill is working out wrong.

i cannot fathom how they have worked out the "attributable to holding company" figures.

thanks

Tracy

• Registered Posts: 1,800
anyone?
• Registered Posts: 465 Dedicated contributor ? ? ?
Ill have a look over lunch Pls bear with me
• Registered Posts: 1,800
crispy wrote: »
Ill have a look over lunch Pls bear with me

cool thanks, i have gone onto another paper so no rush
• Registered Posts: 711
What percentage have you proportioned to the holding company. I think if you have rounded it up that is where you will be going wrong. I'm pretty sure I had this problem. So it would be 66.66.

If you used 67 % and put a note then you would probably be ok.
• Registered Posts: 465 Dedicated contributor ? ? ?
Have attached (or think I have) my attempt,

Have not seen answers but all balances so should be ok.
• Registered Posts: 465 Dedicated contributor ? ? ?
Try Again....:)
• Registered Posts: 589
Esme wrote: »
What percentage have you proportioned to the holding company. I think if you have rounded it up that is where you will be going wrong. I'm pretty sure I had this problem. So it would be 66.66.

If you used 67 % and put a note then you would probably be ok.

I attended the revision day with Steve Collings on Saturday and he mentioned this paper to us. He said the examiner had used 66.667% however we were meant to turn into a fraction of 2/3.

Hope this helps.

Cheers
• Registered Posts: 711
Yeah, that's right.. I knew it was some rounding issue.
• Registered Posts: 1,800
thanks all, will have another look at that. so i should divide the amount of shares bought by the share capital in the subsidary? i think that is where i am going wrong, i am using the goodwill % to divide things by DUH!!

will have another go

Tracy
• Registered Posts: 711
You have to see what percent of the shares the parent company owns. I do (100/ Total amount) x amount parent owns. You then apportion the reserves and revaluation by this percentage.

If you look at a thread I started called 'DFS Consolidated Accounts and Goodwill' Clare Fitch outlines in detail how to work out the Goodwill on these papers, that is how I learnt it.
• Registered Posts: 1,800
thanks Esme, i have printed it out and see how i get on

Tracy