March/June 2018

Maybe one day I will record a lecture working through this question when I have the time. At the moment I do not have the time. The answer to this question is on the ACCA website, so ask about which part of the answer you are not clear about. I assume of course that you have watched my free lectures on this?

I haven't understood how he had arrived at increased in PBIT of 1,916 and 3m increased number of shares. Thank you

The first like of the question says that profit before interest and tax will be increased by 20%. 1597 + (20% x 1597) = 1916 They are having a 1 for 5 rights issue, so they are issuing another 500 shares in addition to the 2,500 that already exist. Have you watched my free lectures for Paper FM? They are a complete free course and cover everything needed to be able to pass the exam well.