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Consolidated statement of cash flows
Example 17.3
Trump’s opening and closing statement of financial position show the following:
Closing Opening
$m $m
Non-current assets (carrying amount) 100 30
During the year, the group acquired a 75% shareholding in a subsidiary which
held non-current assets of $40m at acquisition and disposed of a 60%
shareholding in a subsidiary which held non-current assets of $36m at the date
of disposal.
No other disposals occurred during the year. Depreciation of $10m was
charged,
Required:
How much cash was spent on non-current assets in the year?
327
