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Sep/Dec 2020-CF- Sugar Co

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sep/Dec 2020-CF- Sugar Co

  • This topic has 7 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • January 31, 2022 at 8:40 pm #647845
    andreeagaitan101
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Hello tutor,
    Kindly asking you to help me understand why we don’t compute the gain on the 40% initial acq by substracting from the current FV the initial cost of the 40%? Instead, we take into account the increase in net assets, which is added to the initial cost of the 40%.
    Many thanks.

    February 1, 2022 at 10:48 am #647882
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    Gain will be FV less CA

    Using equity accounting (as they will have done in the group accounts) CA = Cost + % post acq profits (which will be the same as % in NA)

    February 1, 2022 at 7:12 pm #647903
    andreeagaitan101
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Many thanks.

    February 2, 2022 at 9:32 am #647947
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    🙂

    February 2, 2022 at 8:00 pm #648012
    andreeagaitan101
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Sorry if it’s stupid question, the text states that ‘Sugar did not pay any dividends during the year’. On the other side, when computing the CF from financing activities, ‘dividends paid to NCI’ are computed as a balancing figure when playing with NCI b/f and NCI c/f. I’m trying to understand where I’m getting wrong in reading the exhibit.

    Many thanks.

    February 3, 2022 at 10:11 am #648039
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    If sub did not pay any dividends there will be no dividend to the NCI of that company.

    BUT

    As there a NCI balance at the start of the year I assume that there are other subs and the div to NCI must relate to them.

    I agree that I was a bit confused at first when looking at the question.

    🙂

    February 4, 2022 at 6:42 am #648074
    andreeagaitan101
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Thanks a lot

    February 5, 2022 at 8:49 pm #648182
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    🙂

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)
  • The topic ‘Sep/Dec 2020-CF- Sugar Co’ is closed to new replies.

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