DFS Goodwill

Options
System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in General student discussion
In the consolidated balance sheet, was good will just the full figure, it wasn't to be written off was it?

It said that good will is not impaired or something so i didn't do anything with it just stuck it straight in my consolidated balance sheet...?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    I didn't impair my goodwill either.i messed up on last question instead, accounting equation! :(
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    Goodwill is not depreciated and the text stated that there would be no impairment, so £3958 was reported as an intangible asset in the balance sheet.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    Yep, it was the full figure, as the note said that it is not to be impaired?

    Did you get round figures for your section 2.1? Cos I did?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    Waht you mean for the ratio's? My figures looked alright....
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    I got thrown with the impaired things but yes it doesn't amortise and the figure (3958) goes under your non-current assets (how silly does that sound, really?)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    I meant that I got round figures, and not decimal placed ones.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    Does anyone remember any of their other figures for 1.1 such as minority interest, post acquisition profits and retained earnings etc? I agree with Petrol Monkey's calculation for the goodwill but mine just wouldn't balance today! Not sure what I did wrong...

    Think I did ok on everything else though.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    The question said not to impair the goodwill
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Options
    Re:DFS Goodwill

    I think don't quote me goodwill wass roughly 3789....

    Retained earning in monority was 25200, plus shares and revaulation of 3000

    (my memory not too good though)

Categories

Privacy Policy