Zippy (SPL) – Net Asset working on part disposal of Ginny

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November 28, 2017 at 12:37 am #418492
farid2016
Member
- Topics: 5
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Hi.
I think the above is Sept/Dec 2016
Question 1
Where is the 48m from in the loss on disposal of Ginny? See below: ( 48m x 9/12?)
FV 44m
FV of 40% investment retained
Less:
Net assets 118m + (48m x 9/12) = 154
Goodwill = 26
NCI = (66)
Loss = 8m
Help will be super appreciated. XxX
November 30, 2017 at 10:09 pm #419269
P2-D2
Keymaster
- Topics: 4
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Hi,
The disposal took place 9 months after the start of the year and so we are adding 9/12ths of the profits/OCI to the opening net assets. The profits/OCI are 48 for the whole year per the financial statements, hence 9/12 x 48.
Thanks
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