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Eview Cinemas sept/Dec 2017

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Eview Cinemas sept/Dec 2017

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 20, 2019 at 1:03 pm #516580
    ayeshatabani
    Member
    • Topics: 98
    • Replies: 95
    • ☆☆

    Sir, why aren’t we taking account of the profit on disposal of eview clubs in revised forecast eps calculation for eview cinemas?
    does this has something to do with,

    “profit on sale of EV clubs should be taken directly to reserves.”

    May 20, 2019 at 2:38 pm #516596
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54762
    • ☆☆☆☆☆

    Yes – it has been put straight to reserves on the SOFP, and therefore does not appear in the SOPL.

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