[rebeccawilliams]

Yes thank you very much!

[rebeccawilliams]

Equity shares of 20 cents each fully paid $150000
Suspense account (note (v)) $48000 (Credit side of tb)

[rebeccawilliams]

Yes it’s ok now, thank you!

[rebeccawilliams]

Ok, are irredeemable preference shares loans the same as loan notes?

[rebeccawilliams]

When the value of the net assets of the sub is reviewed at year end, then the value of goodwill changes as compared to what it was at acquisition?

[rebeccawilliams]

Yes right! I misread the question, i thought Sanford had these equity.

Thank you

[rebeccawilliams]

You mean the value originally paid for goodwill at the date of acquisition is changed at the year end?

[rebeccawilliams]

Sorry, it’s from Premier Dec 2010

[rebeccawilliams]

If this transaction is accounted as a loan and cash from receivables is being collected by EasyFinance, what happens to the balance of receivables in Highwood?

[rebeccawilliams]

Yes, so why do we use the term ‘loan’ and ‘loan note’?

[rebeccawilliams]

There long term loans and short term loans repayable on a certain period of time

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