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Hi,
Can you clarify one more thing regarding Goodwill/FV adjustments for investments
What I find confusing is that $7m was at acquisition date and $6000 was a year end figure 30/06/15 in Stretcher’s financials. And from what I know we should always use acquisition date figures ?
The investments are in Stretcher’s records … and have not been adjusted … since the previous year end
The $6,000, although it’s in Stretcher’s 30 June, 2015 statement of financial position at $6,000 6 months after the takeover by Palister, we are specifically told in note (v) “At 30 June 2015, the fair values of the financial asset equity investments of Palistar and Stretcher were $13·2 million and $7·9 million respectively.”
That $6,000 is the brought forward figure from the previous year
At date of acquisition, the figure has risen to $7,000 and, at the year end, it’s risen again to $7,900
Better?
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