EAST LIMITED AND ITS SUBSIDIARY
NOTES FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. Profit before tax
R
Profit before tax is arrived at after taking into account the following: Income
Income from investment⑺
Expenses
1 800
Depreciation (15 500 + 1 725⑸)
17 225
EAST LIMITED AND ITS SUBSIDIARY
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED
30 SEPTEMBER 20.2
Attributable to owners of the parent
Share 12% Retained Total Non- Total
capital Preference earnings controlling equity
share capital interest R
R R R R R
Balance at 30 September 20.1 75 000 20 000 800 000 895 000 — 895 000
Equity on date of acquisition 112 031(a) 112 031
Total comprehensive income for the year 118 907 118 907 8 455(b) 127 362
Dividends declared (10 000) (10 000) — (10
Dividends paid (15 000) (15 000) (1 250) (16
Balance at 30 September 20.2 75 000 20 000 893 907(e) 988 907 119 236(d) 1 108
Calculations
1. Analysis of shareholders' equity of West Limited
East Limited 75% Noncontrol-
ling interest
At Since 25%
Total acquisition acquisition
R R R R
At acquisition
Share capital 125 000 93 31 250
750
228
Retained earnings 1/10/20.1 305 000 750 76 250
18 126 13
Retained earnings ⑼ 595 4 531
336
447 874 095 112 031(a)
349
Investment in West 453
13
358
Ltd Goodwill
Current year
Profit for the year 33 822(10) 25 367 8 455(b)
(5 000) (3 750) (1 250)(c)
Dividends
476 696 21 617 119 236(d)
This study8s1ource was downloaded by 100000832046699 from CourseHero.com on 10-21-2023 06:45:34 GMT -
05:00
FAC2602/1
NOTES FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. Profit before tax
R
Profit before tax is arrived at after taking into account the following: Income
Income from investment⑺
Expenses
1 800
Depreciation (15 500 + 1 725⑸)
17 225
EAST LIMITED AND ITS SUBSIDIARY
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED
30 SEPTEMBER 20.2
Attributable to owners of the parent
Share 12% Retained Total Non- Total
capital Preference earnings controlling equity
share capital interest R
R R R R R
Balance at 30 September 20.1 75 000 20 000 800 000 895 000 — 895 000
Equity on date of acquisition 112 031(a) 112 031
Total comprehensive income for the year 118 907 118 907 8 455(b) 127 362
Dividends declared (10 000) (10 000) — (10
Dividends paid (15 000) (15 000) (1 250) (16
Balance at 30 September 20.2 75 000 20 000 893 907(e) 988 907 119 236(d) 1 108
Calculations
1. Analysis of shareholders' equity of West Limited
East Limited 75% Noncontrol-
ling interest
At Since 25%
Total acquisition acquisition
R R R R
At acquisition
Share capital 125 000 93 31 250
750
228
Retained earnings 1/10/20.1 305 000 750 76 250
18 126 13
Retained earnings ⑼ 595 4 531
336
447 874 095 112 031(a)
349
Investment in West 453
13
358
Ltd Goodwill
Current year
Profit for the year 33 822(10) 25 367 8 455(b)
(5 000) (3 750) (1 250)(c)
Dividends
476 696 21 617 119 236(d)
This study8s1ource was downloaded by 100000832046699 from CourseHero.com on 10-21-2023 06:45:34 GMT -
05:00
FAC2602/1
