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I have a quick question regarding Question 49 in the BPP Revision Kit. It´s a CF Question and what puzzles me is, why do we not add back the increase of 4 in the Long term provision at the beginning of the operating CF? Isn´t it a non cash item or do I have a mistake in mind?
Can some body help me with that?
Thanks a lot 🙂
Michael
just had a look and that provision is actually pension plan… in the note ii) .. so the expense for the period 10 was added back.. but those 4 are actuarial losses which are charged to OCI so they were not deducted when arriving to profit before tax.. so we dont add it back on.. its not included in the profit before tax.. hope it makes sense 🙂 ..
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