? 3. Cost of investment (★ ★ ★)

3.1 Cash

3.2 Deferred consideration 遞延對價(jia)

(e.g. A payment of cash 3 years after acq’n)

3.3 Contingent consideration 或有對價

(e.g. 如果子公司在合并之后的一段期間內業績(ji)很好, 另(ling)外(wai)再支付(fu)一筆對價)

3.4 Share exchange 股(gu)權換股(gu)權

注意：

不包含 expenses of the acq’n與(yu)并購相關的費用 (P/L)

如：professional fees, legal/accounting/valuation fees→exp

3.2 Deferred consideration 遞延對價

Consideration that is to be paid in the future.

√ PV: Use the Present value (PV) of deferred consideration

在計算cost of investment的時候用現(xian)值做賬

題目會告知(zhi) discount rate or discount factor

√ FC: 計算對應的(de)financial cost (FC)→Group RE W5

PV需要(yao)展(zhan)開, unwind

3.3 Contingent consideration 或(huo)有對(dui)價(jia)

A payment dependent on whether specified future events occur or conditions are met, e.g. a profit target. 如業績達標

√ FV: Recognize the FV of the contingent consideration, regardless of the possibility of the payment 不用管支付(fu)的可(ke)能(neng)性是否達到(dao)probable,一(yi)律按FV確認

√ Change in FV: treat it prospectively, adjust the liability will be increased or decreased at the year end, with the movement shown in Group RE (W5)

3.4 Share exchange 股(gu)(gu)權換股(gu)(gu)權

母(mu)公司發行股(gu)票(piao)來交(jiao)換并(bing)購(gou)的子公司(si)的股票。

√ FV of share exchange: use the MV of the shares of P @DOA (用并(bing)購(gou)當天母(mu)公(gong)司的股價)

√ 如果母公司沒針對share exchange做帳, C SOFP中的SC SP相(xiang)應增加