Part (b) required the calculation of consolidated revenue, cost of sales, finance costs and noncontrolling interest in profit for the period. The revenue and cost of sales calculations were generally well done although occasionally candidates missed the impairment of goodwill or gave an incorrect additional depreciation calculation or incorrectly calculated the unrealised profit in inventory.

The most common error with the finance costs figure was not to include the unwinding of the deferred consideration, and sometimes for those that did account for this, they failed to time apportion the cost.

The capitalisation of the borrowing costs referred to in (a) also caused similar problems with this calculation.

Most candidates understood the principle of calculating the non-controlling interest, but often made errors with the adjustments for the impairment of goodwill, the additional depreciation and including the unrealised profit (although it was the parent that made the sale).

A slightly worrying error was that some candidates started their calculation with the non-controlling interest used in the calculation of goodwill.

Many candidates prepared a full consolidated statement of profit or loss as well as the specific figures required which only wasted time and earned no additional marks. Overall most candidates scored well on this question.