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Hi again ‘
it has stated Port the Parent company had a loan to Alfred 2.3m @ 12% made 15 yrs ago and is due to be repaid in 12 years time in the Cons P & L i put the interest on loan to Alfred 276 under port which i understood, but then there was an adjustment made on the same line for (46) is this the roll back or something?? if so can you please explain how this 46 was calculated and deducted from the 276 to give group interest on the end line of 230 please?
thanks
NicolaYou haven’t given me the cost of capital so it’s not likely to be a rolled-back discounted amount
It IS interesting that 46 is 1/6 of 276 so I’m wondering whether 1/6 appears anywhere within the question or whether there is an unusual 2 month period
Maybe Port only acquired control over Alfred 10 months into the year so only 2/12 of the 276 would be cancelled as intra-group
That would be my best guess
Sorry, but without full information it’s extremely difficult to give definitive help
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