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highveldt bpp

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › highveldt bpp

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by P2-D2.
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  • April 25, 2021 at 4:23 pm #618829
    joseph0978
    • Topics: 2
    • Replies: 1
    • ☆

    HI. I was doing highveldt question in bpp and i noticed that we need to add interest on 60 million. Aren’t intra group interest deducted from the calculation?

    Also for retained earnings, the answer in bpp only took the retained earnings for 31 March 20×5 while calculating net assets at reporting, while the other answers add the retained earnings at the beginning of the year and at the end of the year.

    Please help, im really stuck and confused

    April 25, 2021 at 5:07 pm #618831
    joseph0978
    • Topics: 2
    • Replies: 1
    • ☆

    Share capital 80 80
    share premium 40 40
    retained earnings 134 210
    FV adjustment 20 20
    PUP 2
    Impairment 20
    Asset 40 40
    amort 4
    Capitalised dev. exp. 18 32
    amort 10
    total 296 342
    PARE=46
    But in the answer kit its showing 48 what am i doing wrong?

    April 29, 2021 at 9:15 pm #619229
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6115
    • ☆☆☆☆☆

    Hi,

    Have these two questions not been answered elsewhere in the forum? I’m pretty sure that they have at some point in the past.

    Thanks

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