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On 1 April 2014 Penfold acquired 60% of Superted equity shares in a share for share exchange. Penfold issued 2 shares torneys acquired in Superted. Penfold's share price on 1 April 2014 was 55.30. The share exchange has not been accounted for Extracts from the individual financial statements of Penfold and Superted as at 30 September 2014 are shown below Perfeld Superted 5000 Property, plant and equipment 345,000 141,000 Trade receivables 32,400 38,000 Equity shares of 51 170,000 15.000 Other components of equity (share premium) 6,000 2,000 3000 During the year, Penfold traded with Superted, and had a payable of 56 million at 30 September 2014. Superted's receivable balance differed from this due to a $2 million payment from Penfold not being received until October 2014 y Penfold measures the non-controlling interest at fair value. At the date of acquisition this was $7.2 million ) Superted made a profit of 524 million for the year ended 30 September 2014 M Penfold sold an item of plant to Superted on 1 April 2014 for $25 million when its carrying amount was 520 milion. It had a remaining useful life of 5 years at this date. M Penfold also owns 30% of Arnold, an unrelated company Penfold are not able to appoint any members of the board of Amold as the other 70% is held by another investor who is able to appoint all members of the board 1 What will be reported as other components at guy on the consolidated statement of financial position as at 30 September 2014 Ignore Currency and comme 500000 T 29 e B X JUUwuestion-945751-22 21 What will be reported as other components of equity on the consolidated statement of financial position as at 30 September 20147 Ignore currency and commas eg 500000 Answer: 22 What will be reported as receivables on the consolidated statement of financial position as at 30 September 20147 Ignore currency and commas eg 500000 2. Answer: ago 23 What will be reported as non-controlling interest on the consolidated statement of financia portions at 30 September 20147 lgnare currency and commas eg 500000 Answer 24 What will be the reported as property and comest on the contacted statement to Senten be 2014 ore current com eg 500000

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