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Hi Sir! I was wondering whether my working’s for the share of profit of associate included under finance cost is correct.
SHARE OF PROFIT OF ASSOCIATE =
P’S % OF A”s PROFIT FOR THE YEAR
less P’S % OF IMPAIRMENT
less P’S % OF PURPHi,
What you have written is correct except for the impairment element. We deduct the full amount of the impairment as the figure given is the impairment in relation to what we own of the associate.
Thanks
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