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ias 17

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › ias 17

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • April 10, 2012 at 7:22 am #52173
    kenz
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    hii anyone can help plz!!
    refering to question 2 in OT course notes, in the disclosure for reconciliations of obligations under finance lease s with the present value of the minimum lease payments, just wondering how did we get those figures?
    payable within one yr 3000 gross or 2790 net
    payable more than one year less than 5 yrs 12000 gross or 8793 net
    payable more than 5 yrs 3000 gross and 1712 net

    and the finance leases interest not yet accrued 4705

    thnks in advnce

    April 21, 2012 at 9:58 am #96210
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    I think that you’ll find that 3,000 discounted for one year at the company’s cost of capital is 2,790. Similarly, 3,000 payable in 5 years time discounted at the cost of capital is 1,712.

    Is that ok?

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