Barcelona Group

Consolidated Statement of Financial Position as at 30 September 20X8

$'000 $'000
ASSETS
Non-current Assets
Property, plant and equipment (2848+354+18) W3 $ 3,220
Patents $ 45

Goodwill $ 26
$ 3,291
Current Assets
Inventories (895+225) $ 1,120
Trade and other receivables (1348+251) $ 1,599
Cash and cash equivalents (212+34) $ 246
Total assets $ 6,256

EQUITY AND LIABILITIES

Equity
Share capital $ 920
Retained Earnings (W4) $ 2,238
General reserve (W5) $ 796
Non-controlling interest (W6) $ 202
$ 4,156
Non-current liabilities
Long-term borrowings (558+168) $ 726

Current liabilities
Trade and other payables (1168+183) $ 1,351
Current portion of long-term borrowings $ 23
Total equity and liabilities $ 6,256
Workings Market Price RE
W1 Barcelona $ 1 $ 1
Madrid $ 0 $ 104

W2 Goodwill $'m $'m

Consideration $ 159
NCI $ 86
$ 245
Less: Net Assets
Share Capital $ 50
Retained earnings $ 104
General reserve $ 11
FVA (W2) $ 34 $ (199)
Goodwill at acquisition $ 46
Impairment loss $ (20)
Goodwill at year end $ 26

W3 Fair value adjustments

At acquisition (GW) Movement (RE) Y/E (SOFP)

$'m $'m $'m
Inventory $ 8 $ (8)
Land $ 6 $ 6
Buildings $ 20 $ (8) $ 12
$ 34 $ (16) $ 18

W4 Retained earnings

Parents Subsidiary
$'m $'m
Per Q $ 2,086 $ 394
(Less):Pre-acq $ (104)
$ 290
FVA $ (16)
Share $ 164 $ 274
$ 2,250
Impairment $ (12)
$ 2,238

W5 General reserve

Parents Subsidiary
$'m $'m
Per Q $ 775 $ 46
(Less):Pre-acq $ (11)
 Share $ 21 $ 35
$ 796

W6 Non-controlling interest
$'m
NCI at FV $ 86
NCI share RE $ 110
NCI share res $ 14
$ 210
Impairment $ (8)
$ 202
GR

$ 11