Grange – BPP kit

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November 28, 2011 at 11:01 pm #50765
jennychewlh
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Dear Sir,

The PAP under Retain Earning is only calculated based on the initial 60% owned on Park instead of 80% after the partial acquisition of another 20% from NCI which was done exactly at year end date. Am I correct to account for that?

Thanks in advance
November 29, 2011 at 4:36 pm #90355
MikeLittle
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If only acquired as at the year end, then there are no post-acquisition profits related to the 80%.
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