2015年ACCA考试模拟强化练习题(2)[1]

1 Bravado，a public limited company，has acquired two subsidiaries and an associate. The draft statements of financial position are as follows at 31 May 2009：

　　Bravado Message Mixted

　　$m $m $m

　　Assets：

　　Non-current assets

　　Property，plant and equipment 265 230 161

　　Investments in subsidiaries

　　Message 300

　　Mixted 128

　　Investment in associate - Clarity 20

　　Available-for-sale financial assets 51 6 5

　　- - -

　　764 236 166

　　- - -

　　Current assets：

　　Inventories 135 55 73

　　Trade receivables 91 45 32

　　Cash and cash equivalents 102 100 8

　　- - -

　　328 200 113

　　- - -

　　Total assets 1，092 436 279

　　- - -

　　Equity and liabilities：

　　Share capital 520 220 100

　　Retained earnings 240 150 80

　　Other components of equity 12 4 7

　　- - -

　　Total equity 772 374 187

　　On 1 June 2007，Bravado acquired 6% of the ordinary shares of Mixted. Bravado had treated this investment as available-for-sale in the financial statements to 31 May 2008 but had restated the investment at cost on Mixted becoming a subsidiary. On 1 June 2008，Bravado acquired a further 64% of the ordinary shares of Mixted and gained control of the company. The consideration for the acquisitions was as follows：

　　Holding Consideration

　　$m

　　1 June 2007 6% 10

　　1 June 2008 64% 118

　　- -

　　70% 128

　　- -

　　Under the purchase agreement of 1 June 2008，Bravado is required to pay the former shareholders 30% of the profits of Mixted on 31 May 2010 for each of the financial years to 31 May 2009 and 31 May 2010. The fair value of this arrangement was estimated at $12 million at 1 June 2008 and at 31 May 2009 this value had not changed. This amount has not been included in the financial statements.

　　At 1 June 2008，the fair value of the equity interest in Mixted held by Bravado before the business特许公认会计师(ACCA/CAT)