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Dec 13 Q1_Angel cashflow

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dec 13 Q1_Angel cashflow

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
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  • May 3, 2018 at 11:31 am #449920
    sss111
    Member
    • Topics: 37
    • Replies: 5
    • ☆

    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?!

    May 4, 2018 at 9:51 pm #450136
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    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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