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@tinaboy said:
really?good for you.I found Basil`s NCI weird .I t was a full good will .Pepper had assesed the fv based on P/E ratio which would need to fall by 25% in order to make inmarketable shares on Basil marketable.the earnins were given.was it supposedto be calculated via business valuations (0.75 * 20)=p/e then * 40% in order to get NCI @ FV??I alsolost it on restructuring.Instead I found IFRSs fair an exact opposite of you
Let me know if the calculation below for NCI makes any sense.
PE= Share Price/ EPS
Given,
PE=20
No. of $1 Shares= 21 m
Profit for the year= 6.5 mSo, Eps= 6.5/21; or, $0.30
PE= Share Price / EPS
20= x / 0.30
x= 6Decrease it by 25%
6 x 75 % = 4.5Therefore the share price is $4.5
NCI= (21m x 40%) x 4.5. or, 37.8 m
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m
@Poojan said:
Let me know if the calculation below for NCI makes any sense.PE= Share Price/ EPS
Given,
PE=20
No. of $1 Shares= 21 m
Profit for the year= 6.5 mSo, Eps= 6.5/21; or, $0.30
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Found the Paper to be average. Any notes that proved to be useful?
Q1 – Was fine although the balance sheet did not tally, but i know where my mistakes was but was time pressured to amend and risk to loose time which can give me more marks.
I did Q2 + Q3 – managed to go through them but really straggled was definitely time pressured .
Q4 – although i knew the IFRS in question, i was not able to think of what i can talk about so just ignored it
now just cross fingers xx
Please tell me! In the first question there was joint operation or joint venture?
I’ve done like joint operation, but now I think that it was actually joint venture…What have you done?
@tlobo said:
How many can confirm that Basils retained earnings ended up negative?Negative for me too
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My time management was bad and anxiety took over.
@wesbyss said:
my understanding is that as long as there is not a seperate vehicle for the joint venture, It is always a joint operation.Yes, you also done as joint operation?
I remember there was an entity Salt..
i too found consolidation fairly easy not that easy if not prepared, mine nearly balanced with only 8 figure different. 1a &b i wrote well in a but b was on ethical issue but didn’t write much.
Q2 on contract, i went head to list 5 levels and relating to the scenario in the question and recognition of the revenue in the contract, how and went to recognize .
down to Q3 only a i didn’t write much but mange to explain the difference between financial liability and equity instrument.
Overall i was confident.there was a joint operation, shares was giving, contribution, assets, receivable and liability, the joint operation was in losses giving too.
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