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Net assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Net assets

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.
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  • May 2, 2019 at 8:34 pm #514812
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    Sir

    1)Net assets are Assets – liabilities OR Assets – Current liabilities?

    2) Secondly , In june 2015 Yogi question, where examiner has calculated ROCE excluding division (20×4), for capital employed he has done following

    29200-7200-7000 = 15000

    I do not understand that why he has subtracted 7000 above? Can you please explain

    May 4, 2019 at 9:08 am #514893
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7180
    • ☆☆☆☆☆

    Hi,

    1) Net assets = assets (current + non-current) – liabilities (current + non-current)

    2) Capital employed is equity plus net debt. Equity comes straight from the SFP, and the net debt is the interest bearing debt less any cash. Have a look at the question again and see if this helps you work out the calculation above. If it doesn’t then let me know.

    Thanks

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