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I notice that there are some improper presentation on face of group SOPL abd SOFP.
1. No “investment in associates” in group SOPL and “share of profit from associates” in SOFP although they have 15 associates.
2. In Group SOPL, no profit attributable to Group and NCI is presented. I don’t think they acquired all 40 wholly-owned because they have NCI in Group SOFP.
3. There is no change in NCI in group SOFP. I don’t think it appropriate due to point 2 above.
4. Loan of $20m does not change in value either at year end. Per examiner comment on Interest Cover section, I think loan is understated because it should be measured using Amortised Cost method.
Are they above points valid?
Your points 1-3 are note valid – the covering e-mail clearly describes the financial information as “SOME EXTRACTS from ….”
4. Please see my latest response to your post https://opentuition.com/topic/vancouver-q1-mar-jun-2016/ I believe you misunderstand the treatment. If the amount to be repaid at the end of the loan term is the same as the amount borrowed, it will not change.
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