Parent Subsidiary N$ 000 N$ 000 ASSETS Non-current assets: Intangible assets 50 140 Tangible assets 3 900 1 110 Investment in Subsidiary 281 – 4 231 1 250 Current assets: Inventory 752 379 Trade receivables 456 273 Bank 101 10 1 309 662 TOTAL ASSETS 5 540 1 912 EQUITY AND LIABILITIES Equity: Ordinary shares 25c 3 200 – Ordinary shares 50c – 960 Share premium account 1 200 350 Retained earnings 300 200 4 700 1 510 Liabilities Non-current liabilities: 8% debentures 60 – 5% debentures – 100 Current liabilities 780 302 TOTAL EQUITY AND LIABILITIES 5 ...
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On 1 January 2021, A Limited acquired 80% of B Limited for N$3,6 million. At acquisition date, the following information was relevant for B limited B Limited was a lessee under an operating lease agreement in terms of which it was ...