Dfs d08

Primble

hi on 1.2 b where has their net current assets figure come from?

taskey

16651?

current assets 23030 less current liabilities 6389 = 16651

Primble

taskey wrote: »

16651?

current assets 23030 less current liabilities 6389 = 16651

duh. lol. im not reading things straight. thanks

taskey

Primble wrote: »

duh. lol. im not reading things straight. thanks

no worries

Primble

on that one again but working out the goodwill. was the cost of acq £8m?

taskey

the shares were £1 each and they acquired 8,000,000 so yes

Primble

ok one more thing. the group retained earnings. how does that work? i cant get that figure

its the 1590 in the answer i can't work out where that came from. on the post acq, i don't work it out that way so its hard to see where im going wrong

Esme

Havent got the paper infront of me but usually you do retained earnings of the subsidary, minus pre acquisition which is on a bulletpoint, gives you the post acquisition. Add this to retained earnings of parent and take away the goodwill impairment value, gives you total retained earnings figure.

Primble

Esme wrote: »

Havent got the paper infront of me but usually you do retained earnings of the subsidary, minus pre acquisition which is on a bulletpoint, gives you the post acquisition. Add this to retained earnings of parent and take away the goodwill impairment value, gives you total retained earnings figure.

thanks. i forgot it needed deducting but i still cant get the figure they have

Primble

oh i have done it. wasn't doing the share right

taskey

ok, to get the retained earnings figure, take the amount they give you on the bullet points 9750 and take this away from the retained earning on the sofp 11340, this gives you 1590 then do the % from this or 2 thirds in this case - gives you 1060.

does that help?