- This topic has 3 replies, 3 voices, and was last updated 11 years ago by
.
- Posts
ANDASH dec 06 cash flow
Group financial statment
06 07
inventories 2650 2300
Trade receivable 2400 1500
on 30 april 2006 a wholy owned subsidary was disposed off.Interim financial statment
inventories 8
trade receivable 4
In the solution
Increase in inventories (2400-1500+4)
increase in inventories (2650-2300+8)
I dont understand when the subsidary has been disposed off then y it s added back .Ok, think of it this way. Of the 2,300 inventory brought forward, 8 of it has been sold. So we can account for 2,292. Now, compare that with the closing balance of 2,650 and the movement is 358.
Is that easier?
- Topics: 0
- Replies: 4
- ☆
Where did we get proceeds from long-term borrowing in amount of 400 and dividends to NCI in amount of (20)?
Thanks!I don’t have a December 2006 exam to hand, so here are my guesses!
The long term borrowing movement could be as simple as comparing carried forward with brought forward.
The dividend to the nci would be shown in the Statement of Changes in Equity. Otherwise, nci brought forward + their share of this year’s subsidiary profits after tax – nci carried forward. If there is a difference ie if the above does not come to zero, then there must have been a distribution paid to the nci
- You must be logged in to reply to this topic.