2020年ACCA备考干货分享：F7第六章模拟练习题

来源： 2020-03-11 18:26中

1.The consolidated statements of profit or loss for the Pirlo group for the years ended 31 December 20X9 and 20X8 are shown below:

The following information is relevant:

(i) On 31 December 20X9, the Pirlo group disposed of its entire 80% holding in Samba Co, a software development company, for $300m. The Samba Co results have been fully consolidated into the consolidated financial statements above. Samba Co does not represent a discontinued operation.

(ii) The proceeds from the disposal of Samba Co have been credited to a suspense account and no gain/loss has been recorded in the financial statements above.

(iii) Pirlo Co originally acquired the shares in Samba Co for $210m. At this date, goodwill was calculated at $70m. Goodwill has not been impaired since acquisition, and external advisers estimate that the goodwill arising in Samba Co has a value of $110m at 31 December 20X9.

(iv) On 31 December 20X9, Samba Co had net assets with a carrying amount of $260m. In addition to this, Samba Co’s brand name was valued at $50m at acquisition in the consolidated financial statements. This is not reflected in Samba Co’s individual financial statements, and the value is assessed to be the same at 31 December 20X9.

(v) Samba Co is the only subsidiary in which the Pirlo group owned less than 100% of the equity. The Pirlo group uses the fair value method to value the non-controlling interest. At 31 December 20X9, the non-controlling interest in Samba Co is deemed to be $66m.

(vi) Until December 20X8, Pirlo Co rented space in its property to a third party. This arrangement ended and, on 1 January 20X9, Samba Co’s administrative department moved into Pirlo Co’s property. Pirlo Co charged Samba Co a reduced rent. Samba Co’s properties were sold in April 20X9 at a profit of $2m which is included in administrative expenses.

(vii) On 31 December 20X9, the employment of the two founding directors of Samba Co was transferred to Pirlo Co. From the date of disposal, Pirlo Co will go into direct competition with Samba Co. As part of this move, the directors did not take their annual bonus of $1m each from Samba Co. Instead, they received a similar ‘joining fee’ from Pirlo Co, which was paid to them on 31 December 20X9. These individuals have excellent relationships with the largest customers of Samba Co, and are central to Pirlo Co’s future plans.

(viii) Samba Co’s revenue remained consistent at $26m in both 20X9 and 20X8 and Samba Co has high levels of debt. Key ratios from the Samba Co financial statements are shown below: