[titobi]

Hello John, Please I still don’t understand how they arrived at the FCFE value of 87.2M. My computation is as follows.

FCFE =NCF operating activities – taxation – capital expenditure+proceeds of JV sale – repayment of secured loans + net interest received.

210 – 4.1 -120.2 +10 -31 +1.5 =66.2.
Please could you explain to me how they got 87.2.

Many Thanks

[Author]

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