Retaining Earnings

Hi, I think that you are referring to a question where initially the issue costs have been incorrectly expensed through profit or loss when they should have been deducted from the loan note issued. To correct the error we remove the expense from profit or loss/retained earnings by adding it back and then deducting it correctly from the value of the loan notes. Thanks

Please I want a clarification on this : policies are to make a full provision for unrealised inter-company profits, and to treat goodwill in accordance with IFRS

Hi, We eliminate the unrealised profit on the goods still held within the group at the reporting date. so, if we have sold 75% and therefore 25% are still held then we eliminate 25% of the PURP. Yes, we treat goodwill in accordance with IFRS, specifically IFRS 3. Thanks