[Elliot479]

@maria9186
Yes that’s exactly what I did too!
Original was share price times shares using the same P/E ratio.
Then combined shares after exchange was 1100, 300 issued to yekkon on top of the original 800. Can’t remember the results too well I think I said morexa had a gain of 4% wealth and yekkon 57% and EPS increased for Yekkon by 115% something like that. As combined earnings were 710 and shares 1100 giving EPS of 0.64/0.65 compared to original yekkon eps of 0.3
Also agree with Esther, the 10 marks on trade practices was insane!
With NPV I had the CFs in CL first – revenue minus processor cost, variable cost, royalties, tad, tax loss carried over, add back tad, minus investment and add residual, minus WC and then convert to home currency, minus contribution and royalties income and tax those at home rate then discount it, i didn’t add deduct thr 0.5m I think that might have been the wrong decision.
This was my last exam too, think it was the hardest syllabus of the entire thing.

[Elliot479]

I got the same one as you, international IV appraisal for 50m was a blessing. But I got 2.3m positive. No clue what a single market was though.
Equity value question was v nice
The hedging question, why do they have to test collars ffs, I gave it go and said that no hedging strategy is the best way forward, futures and collar seemed to give worse rates than if no hedge is done.

[Elliot479]

Task 1:
(A) Evaluate acquisition of NP and recommend
(B) Email on model for change management

Task 2:
(A) benefits and drawbacks of sustainability programme
(B) 7P:s marketing mix

Task 3:
Slides on risks of new software system.

Overall thought the questions were nice, the 7Ps threw me but managed to remember 5 of them at least

[Elliot479]

Oh yeah the directors deciding not to recognise the loan and preference shares. And it was like an 8 marker. Feel like I missed something major in that too.

[Elliot479]

First question I think was nice, fx exchange differences, SOFP, goodwill and all that jazz. The first part of the crowdfunding Q was pretty horrible. Spewed some facts about revenue and obligations and also put something about a liability for the drones to be provided.
Q3 I think was impairment of CGU and talking about VIU which was pretty ok, luckily I had looked at a question about calculation of VIU on the weekend, Q4 I think was on disclosures and conceptual framework a lot of 3 markers. I’d say it was ok could be a mark on the borderline of 50% tbh

[Elliot479]

I thought the exact same, I think the only ROI/RI question was like Q4. No LR, no optimal pricing, was quite disappointed in that. The 20 marker on Sensa supermarkets was ok but long, the whole profitability calcs and all the percentages.

The multi product breakeven graph question caught me off guard though. Had to just guess that one

[Elliot479]

Proforma you needed workings to flex the budget to 8000 units. Workings needed to calculate variances between actual and 8K flexed budget. Semi variable notes needed to find the fixed costs within the total. Think I got something like 4600 (F) total variance. I hope it’s right lol!

But yeah a bit of a weird one, never really seen a proforma in a 20 mark q like that. I just put my workings for sales Rev, materials etc below and then put some written conclusion aswell.

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