2014 Jun Q2

This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.

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April 12, 2016 at 3:10 pm #309894
hahadog
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Why the FCF didn’t add back the non cash item – Capital Allowances?
April 13, 2016 at 7:03 am #309952
John Moffat
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Because they have not been subtracted in arriving at the incremental profit (of 10.50 at time 1). They have only been subtracted in the workings of the tax payable (of 0.50 at time 1).
April 14, 2016 at 8:44 am #310082
hahadog
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Thanks!
One more question on 2014 Jun Q3 (c) – (iv) sales made to Department C
Why the cash flow of Ndege (Dept B) subtracted this 10% from Dept C?
April 14, 2016 at 11:06 am #310094
John Moffat
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Because the question says that C is 10% of the profits, and C will be closed.
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