P Ltd
S Ltd
$
$
Turnover
1260000
520000
Cost of sales
-420000
-210000
Gross Profit
840000
310000
Administrative expenses
-120000
-90000
distribution costs
-180000
-60000
profit before tax
540000
160000
Taxation
-130000
26000
Profit after tax
410000
134000
Dividend Proposed:
Preference
-24000
Ordinary
-150000
-60000
Retained profit for the year
260000
50000
Retained Profit brought forward
1350000
78000
Retained Profit carried forward
1610000
128000
During the year ended 31 Dec 2004,P had sold $ 840000 worth of goods to S. These goods had cost $ 56000
By the year end, S still had $ 36000 worth of these goods in inventory.
Prepare the consolidated income statement
solution: compute minority interest
$
$
S Ltd's Profit after tax
134000
Less: Preference dividend
24000X75%
18000
Avaiable for ordinary shareholders
110000X40%
44000
62000
問題: 唔明白為何把$ 134000-24000,得出110000這個數,
ordinry shareholders的數目為何會這樣相減呢?
更新1:
本身ordinary share有數於s,但這裏用profit after tax -preference dividend,等出個110000,完全不明白! 計算minority interest於consolidated balance sheet,是用"net assets of "s" at the bls date,現在consolidated income statement,是用咩項目去計算呢? 請指教!
