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    Aina Saffiyah
    This document contains information about three companies - Top Bhd, Best bhd, and Lyte bhd - that have been acquired. It provides the amounts paid in the acquisitions and calculates the resulting goodwill or bargain purchase amounts for each acquisition based on the fair values of the net assets acquired. For Top Bhd, the goodwill amount is RM46,400. For Best bhd, the goodwill is RM19,000. For Lyte bhd, the goodwill is RM76,600.

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    Untitled

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    Aina Saffiyah
    19 views1 page
    This document contains information about three companies - Top Bhd, Best bhd, and Lyte bhd - that have been acquired. It provides the amounts paid in the acquisitions and calculates the resulting goodwill or bargain purchase amounts for each acquisition based on the fair values of the net assets acquired. For Top Bhd, the goodwill amount is RM46,400. For Best bhd, the goodwill is RM19,000. For Lyte bhd, the goodwill is RM76,600.

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    This document contains information about three companies - Top Bhd, Best bhd, and Lyte bhd - that have been acquired. It provides the amounts paid in the acquisitions and calculates the resulting goodwill or bargain purchase amounts for each acquisition based on the fair values of the net assets acquired. For Top Bhd, the goodwill amount is RM46,400. For Best bhd, the goodwill is RM19,000. For Lyte bhd, the goodwill is RM76,600.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views1 page

    Untitled

    Uploaded by

    Aina Saffiyah
    This document contains information about three companies - Top Bhd, Best bhd, and Lyte bhd - that have been acquired. It provides the amounts paid in the acquisitions and calculates the resulting goodwill or bargain purchase amounts for each acquisition based on the fair values of the net assets acquired. For Top Bhd, the goodwill amount is RM46,400. For Best bhd, the goodwill is RM19,000. For Lyte bhd, the goodwill is RM76,600.

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    QUESTION 1

    Top Bhd Best bhd Lyte bhd


    OSC H% - Direct 100% 80% 20%
    H% - Indirect 60%
    80%
    NCI% 0 20% 20%
    Debenture H% 1/4 - -
    1/4 x 60m =15

    a. Goodwill/Bargain purchase on the acquisition of Top Bhd


    RM'000 RM,000
    Consolidation Transferred (619m - 15m) 604,000

    Less: Fair Value of Net Assets


    Ordinary share Capital 450,000
    Other Component of Equity 45,000
    Retained Profit 51,000 546,000
    Goodwill 58,000
    Less: Impairment Loss (20%) 11,600
    Net Goodwill 46,400

    Goodwill/Bargain purchase on the acquisition of Best Bhd


    RM'000 RM,000
    Consolidation Transferred 516,000
    Non-Controlling Interest (20% x 620m) 124,000
    640,000
    Less: Fair Value of Net Assets
    Ordinary share Capital 300,000
    Other Component of Equity 86,000
    Retained Profit 234,000 620,000
    Goodwill 20,000
    Less: Impairment Loss -1,000
    Net Goodwill 19,000

    Goodwill/Bargain purchase on the acquisition of Lyte Bhd


    RM'000 RM,000
    Consolidation Transferred (105m + 30m) 135,000
    Indirect Consolidated Transfer (80% x 165m) 132,000
    Non-controlling interest (20% x 238m) 47,600
    314,600
    Less: Fair Value of Net Assets
    Ordinary share Capital 100,000
    Retained profit 82,000
    Other components equity 48,000
    Fair Value Adjustment:
    Land 2,000
    Building (60m - 55m) 5,000
    Customer List 1,000 238,000
    Goodwill 76,600

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