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RETAINED PROFITS BROUGHT FORWARDIf we recall from the consolidated balance sheet, the group-retained profits should be made up of the holding companies retained profit plus the holding companie’s share of subsidiary companies post acquisition retained profits. The same case applies to computing the retained profits brought forward of the group. The group-retained profits brought forward should be made up of the holding companies retained profit brought forward plus the holding companie’s share of subsidiary companies post acquisition retained profits brought forward.But we have to make adjustments to the holding companies retained profits brought forward and the subsiairy company’s profits before we get the holding companies sher. The adjustments are for transactions that took place previously that affect the profits of these two companies.The holding companies retained profits brought forward will therefore be adjusted as follows:
£
Holding companies retained profit brought forward
X
Add: Excess depreciation charged by holding company up to start of the year
x
Less : Unraelised profit on opening inventory if holding company had made the sale
Goodwill impaired to date (up to the start of the yaer)
Unrealised profit on sale of PPE in previous years if holding co. made the sale
(x)
Holding companies retained profit b/f adjusted for conslidation
The subsidiaries profits brought forward will be adjusted as follows before the holding company takes its share:
Subsidiary companies retained profit brought forward
Add: Excess depreciation charged by subsidiary company up to start of the year
Less : Unraelised profit on opening inventory if subsidiary company had made the sale
Depreciation on Fair value adjustment that should have been charged to date
Subsidiary company’s retained profit b/f
Q. Sensitivity Analysis of Project? This system measures the change in project NPV arising from a fixed change in each project variable or measures the change in every project
Effects of the appointment of the receiver Floating charges: these crystallise on the appointment of a receiver and become fixed on the assets then in the hands of the compan
During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report.
Could you please read this article? I am confused what the shortcoming of this critical review.
Differences in Inter company balances i) Cash in transit Where one company may have sent cash which is yet to be received by the other company as at the end of the financia
I am looking for the solutiotns to this problem. Using the information provided below, complete Aspen Ridge limited partnership%u2019s page 1 of Form 1065; complete Schedule K o
The following information for the six months ended 31 December 2009 relates to the business of Mr N Morris: a) Opening cash (including bank) balance Rs 1,200 b) Productio
The conflicting interests of users We have seen above that every user group looks at a business from a different perspective and has its own individual interests. This means th
a,b,c carried on business and their profit and loss ratio 3:4:5.they decided dissolve the partnership as on 1st july,2011.the following balance sheet..... creditors-10000 loan A/c-
48 Morgado Inc. has provided the following data to be used in evaluating a proposed investment project: Initial investment $130,000 Annual cash receipts $78,000 Life of th
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