the financial statements of company m and its subsidiary s are shown here in m 539424
The financial statements of company M and its subsidiary S are shown here (in € m).
Balance sheet
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the financial statements of company m and its subsidiary s are shown here in m 539424
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|
Assets |
M |
S |
Equity and liabilities |
M |
S |
|
Tangible and intangible fixed assets |
100 |
30 |
Equity and share capital |
40 |
10 |
|
Investment in subsidiary S |
16 |
— |
Reserves |
80 |
10 |
|
Other investments |
5 |
— |
Net earnings |
10 |
5 |
|
Current assets |
200 |
70 |
Debt |
191 |
75 |
|
Total |
321 |
100 |
Total |
321 |
100 |
Income statement
|
M |
S |
|
|
-Sales |
200 |
90 |
|
-Purchases of raw materials |
100 |
50 |
|
-Change in inventories |
— |
2 |
|
-Other external services |
25 |
20 |
|
-Personnel costs |
40 |
8 |
|
-Interest and other financial Charges |
10 |
1 |
|
+ Interest, dividends and other financial income |
3 |
— |
|
-Exceptional costs |
9 |
— |
|
+ Exceptional income |
2 |
— |
|
-Corporate income tax |
11 |
4 |
|
= Net income |
10 |
5 |
Draw up the consolidated accounts for the group MþS in the following circumstances:
(a) M has an 80% stake in S (full consolidation).
(b) M has a 50% stake in S (proportional consolidation).
(c) M has a 20% stake in S (equity method consolidation).
(N.B.: It is assumed that there are no flows between M and S.)
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