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Statement of profit and loss

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Statement of profit and loss

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • July 31, 2014 at 4:12 pm #180216
    Ivy
    Member
    • Topics: 7
    • Replies: 7
    • ☆

    Bengal (6/11)

    Under cash flow from financing activities, why only use the figure of 8% loan note and not 5%+8% loan notes figures?

    August 1, 2014 at 9:06 am #180276
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Because the figure related to the loan notes is the proceeds from the issue of the 8% loan notes. The 5% loan notes were already in issue as at the end of last year.

    The only cash flow relevant to the 5% loan notes is the loan interest (I calculate that as being $100) which is included within the $650 finance costs

    OK?

    August 1, 2014 at 3:08 pm #180322
    Ivy
    Member
    • Topics: 7
    • Replies: 7
    • ☆

    thanks for your help

    August 1, 2014 at 3:21 pm #180328
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    You’re welcome

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