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impairment of goodwill: Q1 June 2013- working 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › impairment of goodwill: Q1 June 2013- working 3

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  • June 1, 2017 at 8:08 pm #389575
    gumede1
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    Hi,

    Please refer to working 3 of the solution June 2013.

    I have been battling to get the net asset of 2 220m used to calc good, please clarify.

    June 4, 2017 at 8:11 pm #390330
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    It is the net assets figure at the date the impairment was performed, which is the reporting date. The 2,220 million is then just the equity figure from the SFP of Park at the reporting date, as that is equal to the net assets.

    Thanks

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