CHAPTER 6: Associates and joint ventures
Associate: li ên k ết
Joint venture: li ên doanh
p arent: cty m ẹ
subsidiary: cty con
29.2
*1 July, 2012
Dr Investment in associate and joint venture $50.000
Cr Cash
*30 June,2013
*Dr Investment in associate and joint venture 30%(80.000-30.000)=15.000
Cr Share of profit or loss of associate and joint venture
*Dr Cash 30%x80.000 = 24.000
Cr Investment in associate and joint venture
*30 June,2014
Dr Investment in associate and joint venture
Cr Share of profit or loss of associate and joint venture
*Dr Cash
Cr Investment in associate and joint venture
*30 June,2015
Dr Investment in associate and joint venture
Cr Share of profit or loss of associate and joint venture
*Dr Cash
Cr Investment in associate and joint venture
**Investment of Sara on 30 June,2013
50.000+15.000-24.000 =41.000
**Investment of Sara on 30 June,2014
41.000+…-…= ….
**Investment of Sara on 30 June,2015
***Goodwill = 50.000 – 30%(30.000+120.000) = 5.000
29.3
*1 July,2013
Dr Investment in associate and joint venture $170.000
Cr Cash
*30 June,2014
a. *Dr Investment in associate and joint venture 40%x39.000
Cr Share of profit or loss of associate and joint venture
b. *Dr Investment in associate and joint venture 40%x100.000
Cr Share of comprehensive income of associate and joint venture
Dr Share of comprehensive income of associate and joint venture
Cr Asset revaluation surplus
c. Dr Cash 40%x15.000
Cr Investment in associate and joint venture
Ex1: (Ella)
*1 July, 2014
Dr Investment in associate and joint venture $42.500
Cr Cash
*30 June,2015
*Dr Investment in associate and joint venture 25%x25.000 = 6250
Cr Share of profit or loss of associate and joint venture
*Dr Cash 25%x4.000 = 1000
Cr Investment in associate and joint venture
*Dr Investment in associate and joint venture 25%X5.000 = 1250
Cr Share of comprehensive income of associate and joint venture
Dr Share of comprehensive income of associate and joint venture
Cr Asset revaluation surplus
**Investment of Ella on 30 June,2015 = 42.500 + 6250 -1000 +1250 = 49.000
( ***Cost of investment = 42.500 (ví dụ: 45.000) (ví dụ: 42.000)
Net fair value acquired by Ella = 25%x170.000 = 42.500
No goodwill ) (goodwill = 45.000 – 42.500 = 2.5000) (excess = 500)
Ex 3: SHL acquired a 30% interest in BLt for $60.000 on Jan,2015 by contributing machine and cash.
Know that, machine has $20.000 in fair value. Tax 30%
Share capital 40.000
Retained earning 120.000
Profit before tax Dividend paid Asset revaluation
31 Dec,2015 (30.000) - 40.000
31 Dec,2016 50.000 70.000 (20.000)
Solution
*1 Jan,2015
Dr Investment in associate and joint venture $60.000
Cr Cash 40.000
Cr Machine 20.000
*31 Dec,2015
*Dr Share of profit or loss of associate and joint venture 30%x30.000
Cr Investment in associate and joint venture
*Dr Investment in associate and joint venture 30%X 40.000
Cr Share of comprehensive income of associate and joint venture
Dr Share of comprehensive income of associate and joint venture
Cr Asset revaluation surplus
*31 Dec,2016
*Dr Investment in associate and joint venture 30%x[50.000x(1-30%)]
Cr Share of profit or loss of associate and joint venture
*Dr Cash 30%x70.000
Cr Investment in associate and joint venture
*Dr Share of comprehensive income of associate and joint venture 30%X20.000
Cr Investment in associate and joint venture
Dr Asset revaluation surplus
Cr Share of comprehensive income of associate and joint venture
