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Q3
Hi, please share what your answers to rights issue financed from convertible LN was. Was it 5000 shares issued rights and 3000 shares converted from 60% of LNs? I expensed the 40% redeemed in admin expenses, but didnt know what to do with the rest 60%=3000shares. Did u take from suspense acc and share premium?Q2
the Cos were similar, 1st was better that the 2nd, but the 1st had higher gearing. correct? was there any tricks that i missed?That’s what I did. Timing was a major problem for me and only got the working down for q3. My p and l and financcial statement is missing a lot of the adjustments I did in my working. Will I loose a lot of mark for this?
I said for q2 both were acceptable because both financially healthy but it would on the purchasers own targets and kpi for what they deemed acceptable with ratios etc.
thanks! from what i know the markers are giving marks for workings, so dont worry, they should be readable though
Hi- can you remember if there was a part d and e on Q3? If so, how many marks? Think I might have missed it. Thanks!
the last part in Q3 was CF, i think it was SPL&OCI, S of changes of equity, SFP and extract of CF
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I think it was 10, 5, 10 & 5 but might be wrong
Hi for sure this exam was quite tough what i can remember from q 2 was that it was better to acquire co 2 as its net assets were higher than 12k the purchase price which would lead to a bargain purchase on the other hand the other one was not
Q 3 re loan notes i did the same re share capital but the rest went to share premium however do not remember what the figures were for sure these hadnt to be expensed but reduced from ln and suspense
Q 3 New shares issued 5 k (25÷5)
share capital 5×1 =5
premium 5 × 1.5= (7.5total cash raised from rights =7.5 +5 =12.5
Equity 12.5 x 60%=7.5
convertible loan 12.5 × 40%= 5 k5 k + effective interest (I don’t remember what I did after that
I maybe wrong, please confirm. This question was my only hope in the paper.
The xpand one was pretty messed up I wrote all the idontknowwhat for that one.
The first one P/L was good, though I messed up part a, goodwill is the consideration 4 k??
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Consideration 4k + 8m x share price (2.20?)
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