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HI. I was doing highveldt question in bpp and i noticed that we need to add interest on 60 million. Aren’t intra group interest deducted from the calculation?
Also for retained earnings, the answer in bpp only took the retained earnings for 31 March 20×5 while calculating net assets at reporting, while the other answers add the retained earnings at the beginning of the year and at the end of the year.
Please help, im really stuck and confused
Share capital 80 80
share premium 40 40
retained earnings 134 210
FV adjustment 20 20
PUP 2
Impairment 20
Asset 40 40
amort 4
Capitalised dev. exp. 18 32
amort 10
total 296 342
PARE=46
But in the answer kit its showing 48 what am i doing wrong?
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