2012年ACCA考试模拟试题（2）

　　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

　　Non-current liabilities：

　　Long-term borrowings 120 15 5

　　Deferred tax 25 9 3

　　- - -

　　Total non-current liabilities 145 24 8

　　- - -

　　Current liabilities

　　Trade and other payables 115 30 60

　　Current tax payable 60 8 24

　　- - -

　　Total current liabilities 175 38 84

　　- - -

　　Total liabilities 320 62 92

　　- - -

　　Total equity and liabilities 1，092 436 279

　　- - -

　　The following information is relevant to the preparation of the group financial statements：

　　（i） On 1 June 2008，Bravado acquired 80% of the equity interests of Message，a private entity. The purchase consideration comprised cash of $300 million. The fair value of the identifiable net assets of Message was $400 million including any related deferred tax liability arising on acquisition. The owners of Message had to dispose of the entity for tax purposes by a specified date and，therefore，sold the entity to the first company to bid for it， which was Bravado. An independent valuer has stated that the fair value of the non-controlling interest in Message was $86 million on 1 June 2008. Bravado does not wish to measure the non-controlling interest in subsidiaries on the basis of the proportionate interest in the identifiable net assets but wishes to use the ‘full goodwill’ method. The retained earnings of Message were $136 million and other components of equity were $4 million at the date of acquisition. There had been no new issue of capital by Message since the date of acquisition and the excess of the fair value of the net assets is due to an increase in the value of non-depreciable land.