Dfs d08
Primble
Registered Posts: 734 Epic contributor ๐
hi on 1.2 b where has their net current assets figure come from?
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Comments
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16651?
current assets 23030 less current liabilities 6389 = 166510 -
on that one again but working out the goodwill. was the cost of acq ยฃ8m?0
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the shares were ยฃ1 each and they acquired 8,000,000 so yes0
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ok one more thing. the group retained earnings. how does that work? i cant get that figure
its the 1590 in the answer i can't work out where that came from. on the post acq, i don't work it out that way so its hard to see where im going wrong0 -
Havent got the paper infront of me but usually you do retained earnings of the subsidary, minus pre acquisition which is on a bulletpoint, gives you the post acquisition. Add this to retained earnings of parent and take away the goodwill impairment value, gives you total retained earnings figure.0
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Havent got the paper infront of me but usually you do retained earnings of the subsidary, minus pre acquisition which is on a bulletpoint, gives you the post acquisition. Add this to retained earnings of parent and take away the goodwill impairment value, gives you total retained earnings figure.
thanks. i forgot it needed deducting but i still cant get the figure they have0 -
oh i have done it. wasn't doing the share right0
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ok, to get the retained earnings figure, take the amount they give you on the bullet points 9750 and take this away from the retained earning on the sofp 11340, this gives you 1590 then do the % from this or 2 thirds in this case - gives you 1060.
does that help?0
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