Dec 2013 q4

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

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November 29, 2014 at 3:25 am #214214
Goh
Member
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Hi sir,
Why we need to plus cash 99m again in calculating additional fund available? (We already add in debt capacity)
Thanks~
November 29, 2014 at 12:50 pm #214341
John Moffat
Keymaster
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I know it looks strange, but they can borrow up to 100% of the asset value – the asset value is as per the answer (and included 99M).
So……the have the amount borrowed as available for investment, however the 99 cash is also available to invest as well 🙂
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