Determine Ownership and Acquisition Adjustments

Here is the consolidated statement of financial position and the required journal entries.

Part 1: Consolidated Statement of Financial Position of Cape Ltd and its Subsidiary Port Ltd as at 28 February 2015

Step 1: Determine Ownership and Acquisition Adjustments

• Port Ltd's ordinary shares: $\frac{\text{R}100,000}{\text{R}2/\text{share}} = 50,000$ shares.
• Cape Ltd's ownership: $\frac{37,500}{50,000} = 75\%$.
• Non-Controlling Interest (NCI): $25\%$.
• **At acquisition (1