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Essay's paper info
Topic: Business
Number of pages / Number of words: 12 / 3263
Essay's paper body

Below are the balance sheets of each company as at 31 December 2006.

Company A Company B

Non Current Assets 200,000 140,000

Investments 100,000 -

300,000 140,000

Current Assets 50,000 45,000

Total Assets 350,000 185,000

Equity

Share Capital 200,000 100,000

Profit & Loss a/c 130,000 60,000

330,000 160,000

Current Liabilities 20,000 25,000

Total Equity & Liabilities 350,000 185,000

Calculate the goodwill on acquisition...


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The calculated goodwill should therefore be shown in the Consolidated Balance Sheet as a Non Current Asset.

Minority Interest

Where the Company A (parent) purchases less than 100% of Company B (subsidiary), the remaining shareholding in B is known as Minority Interest.

Minority % X Net Assets of Subsidiary @ balance sheet date

Example 2

Using the example above, calculate the Minority Interest as at 31 December 2006...


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