Bubble Dec 15Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Bubble Dec 15This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts December 2, 2016 at 2:44 pm #353219 shojMemberTopics: 11Replies: 11☆Anytime an unsettled contingent liability arises which has not been paid at report date, does this go in the net assets working?This is in relation to Salt’s net asset working. Also what happens to the initial $5m disclosed? Does this have to be taken out? December 4, 2016 at 6:30 pm #353787 P2-D2KeymasterTopics: 4Replies: 7082☆☆☆☆☆Yes, they are included as per IFRS 3 where they are included at fair value in the subsidiary’s net assets. So here it is at $1 million.The $5 million is only shown in the individual accounts and not the group accounts.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In