Acquirer plc purchased 80% of the ordinary share capital of Target plc on 1 Janu...
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Acquirer plc is preparing its consolidated statement of financial position at 31 December 20X1 and the following information is available:
Amounts in £
|
Measured on 1 January 20X1
|
Measured on 31 December 20X1
|
Fair value of Target plc’s assets
|
120,000
|
150,000
|
Fair value of Target plc’s liabilities
|
30,000
|
40,000
|
Fair value of non-controlling interest in Target plc
|
20,000
|
24,000
|
At the date of acquisition, Acquirer plc chose to measure the non-controlling interest in Target plc at fair value.
Assuming no goodwill impairments have been taken since the acquisition date, the amount of reported on Acquirer plc’s consolidated statement of financial position at the 31 December 20X1 is:
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