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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dec 2013 – Angel
Hi, can anyone explain to me why the profit for the year in the cash flow statement is 197? I thought it supposed to be 192 (188+3+1)?
hi, i’m referring to the working 4 Taxation, how can i get the tax on revaluation PPE & tax on financial asset? I have totally no clue about this.
Hi,
On your first post, you are missing the adjustments that arise from the error made in part (iv) in relation to IAS23.
They have charged to other expenses the payment of construction costs, which should have been capitalised. If we reverse this then profit increases by a further $4 million.
They have also expensed $1 million that should have been capitalised a part of borrowing costs. If we reveres this then the profit increases by a further $1 million.
On your second post, the figures you are looking for come straight from the OCI section of the SPLOCI.
Thanks