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Dear Tutor,
In Q1 in the September/December 2015 there is a contingent liability at acquisition of Salt. However this contingent liabilty is not included when calculating the post acq. share of profit in the group Retained earnings.
Share of post-acquisition profits of Salt (80% of ($74m – $56m)) 14·4
Could you please help me why the contingent liability is not considered?Thank you.
Hi,
If the contingent liability hasn’t changed in value then there is no post-acquisition profit movement in relation to it.
Thanks
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