[ingavalionyte]

there was also dividend from associate of 200 that also needed to be removed. the investment income of subsidiary was 400 if i remember correclty that needed apportionment 9/12 ??

[ingavalionyte]

@andyt said:
Q32

Revenue = 89300 (94000×95%)

COS =
Per P &L – 73000
Less licence 1000
Add discount 4000

Total = 76,000

Interest was adjusted to 800

NCL would be £10,000 loan

Equity =

3000 Reval Reserve
3300 retained earnings -(given in the question)
+whatever share capital was

PBIT (needed for operational profit margin and ROCE) I got 3300.

ROCE was 13%
Asset Turnover 2.8
GPM 15.9%
OPM 3.9%
Sales per square metre = 7442

Asset turnover i got the same all the rest ratios were much lower than sector average
revenue i got the same
cost of sales i think we should deduct the discount 10 as we lost it so my cost of sales 73000-1000 =72000 /90%

[ingavalionyte]

i got the same 13500 for deffered consideration

[ingavalionyte]

In MCQ i also get many Cs like 5 in a row 😮
the last question was a disaster did not had enough time to think through the adjustments on equity. Did anybody adjusted for 3000 the fair value of property?
what about ROCE i caculated it totasl assets current liabilities 40000-9200-1200-3000. Did anybody did the same?
In consolidation question i included inventory as a fair value adjustment. But know that my brain started to think lol i beleive it is wrong…because inventory is valued at cost or NRV so we should not care about the fair value on the other hand the subsidiary is valued at fair value and this would affect total assets… somebody can comment on this… i did not do any adjustments for inventory in profit or loss

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