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Refering to note (iv) PPE calculation, why do we deduct the $14m gain on sale of financial asset from $80 additions at cost.
Financial assets do not form part or PPE right?!
Hi.
The $14m that is deducted is not anything to do with the financial asset. The $14m is adjusting for the FV of the PPE acquired with the subsidiary, taken from note (ii).
We may have capitalised $80m but if $14m is due to the subsidiary acquisition then the cash additions are the difference.
Thanks
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