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Finance Lease. Disclosures. (IAS 17)

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

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April 12, 2011 at 10:02 am #47952
alexeycus
Member
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Dear all,
Who could explain how NET PAYABLES (GROSS is clear) are calculated (in Example 2 of F7 Notes_OpenTuition)? Please, provide workings, as video example on Open Tuition does not cover this topic in full.
Payable within 1 yr
Payable more than1 yr, less than 5yrs
Payable more than 5 yrs
Thanks!
May 3, 2011 at 3:50 pm #80572
MikeLittle
Keymaster
- Topics: 27
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3000 payable in one year’s time at a cost of capital of 10% is 3,000 * 1 / 1.10
that’s 3,000 * .90909 = 2,727
For 3,000 payable in 2 years’ time that would be 3,000 * (1 / 1.10)(1 / 1.10)
and in 3 years’ time it’s 3,000 * 1 / (1.10)(1/1.10)(1/1.10)
and so on
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