1. General journal of Sibabalwe Limited
| DR
CU |
CR
CU |
||
| 2015 | |||
| 15/09 | Investment in Linathi Limited (SFP) | 350,000 | |
| Bank (SFP) | 350,000 | ||
| [CU340,000 + CU10,000] (Transaction costs are initially recognised as part of the investment) | |||
| 2016 | |||
| 30/06 | No fair value adjustment for subsequent measurement | ||
| [(CU3,50 x 100,000 shares) – CU350,000 (including the transaction costs)] | |||
| 2016 | |||
| 26/07 | Investment in Linathi Limited (SFP) | 804,000 | |
| Bank (SFP) | 804,000 | ||
| [(CU3,20 x 250,000 shares) + (0,5% x CU3,20 x 250,000 shares] | |||
| 2017 | |||
| 30/06 | Investment in Linathi Limited (SFP) | 106,000 | |
| Mark-to-market reserve on equity instruments (OCI) | 106,000 | ||
| [CU3,60 x (100,000 + 250,000 shares) – CU350,000 – CU804,000] | |||
| 2018 | |||
| 30/06 | Mark-to-market reserve on equity instruments (OCI) | 70,000 | |
| Investment in Linathi Limited (SFP) | 70,000 | ||
| [(CU3,40 – CU3,60) x 350,000 shares] | |||
2. General ledger of Sibabalwe Limited
| 1 | 100,000 shares x CU3,50 = CU350,000 (fair value at the end of the 2016 reporting period) |
| 2 | (250,000 shares x CU3,20) x 100,5% = CU804,000 (transaction costs on initial recognition are capitalised to financial assets at FV through OCI) |
| 3 | (350,000 shares x CU3,60) – (CU350,000 + CU804,000) = CU106,000 |
| 4 | CU1,260,000 – (350,000 shares x CU3,40) = CU70,000 |
3. Sibabalwe Limited
Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2018
4. Sibabalwe Limited
Extract from the statement of changes in equity for the year ended 30 June 2018
