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Hello Sir,For PYQ dec 2012
Q2
Case TwoWhy the Maram Ringgit devalue will not affect the proportion that not related to the parent Co(Lignum Co) such as only 60% of the current asset will be exposed to devalued of Maram Ringgit to the Euro?
why translation loss excluding the Lignum Co debts and assets?
Can you explain the logic behind it? Thank you.
The question says that 40% of the current assets are receivables and that all the receivables relate to sales in Euros. So devaluation of the Ringgit will not affect them – only the other 60% of the current assets.
Lignum debts and assets are not relevant – the question asks for the gain or loss on Namel Co’s SOFP.
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