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3 On 1 June 2005, Egin, a public limited company, was formed out of the re-organisation of a group of companies with foreign operations. The directors require advice on the disclosure of related party information but are reluctant to disclose information as they feel that such transactions are a normal feature of business and need not be disclosed. Under the new group structure, Egin owns 80% of Briars, 60% of Doye, and 30% of Eye. Egin exercises significant influence over Eye. The directors of Egin are also directors of Briars and Doye but only one director of Egin sits on the management board of Eye. The management board of Eye comprises five directors. Originally the group comprised five companies but the fifth company, Tang, which was a 70% subsidiary of Egin, was sold on 31 January 2006. There were no transactions between Tang and the Egin Group during the year to 31 May 2006. 30% of the shares of Egin are owned by another company, Atomic, which exerts significant influence over Egin. The remaining 40% ofthe shares of Doye are owned by Spade. During the current financial year to 31 May 2006, Doye has sold a significant amount of plant and equipment to Spade at the normal selling price for such items. The directors of Egin have proposed that where related party relationships are determined and sales are at normal selling price, any disclosures will state that prices charged to related parties are made on an arm’s length basis. The directors are unsure how to treat certain transactions relating to their foreign subsidiary, Briars. Egin purchased 80% of the ordinary share capital of Briars on 1 June 2005 for 50 million euros when its net assets were fair valued at 45 million euros. At 31 May 2006, it is established that goodwill is impaired by 3 million euros. Additionally, at the date of acquisition, Egin had made an interest free loan to Briars of $10 million. The loan is to be repaid on 31 May 2007. An equivalent loan would normally carry an interest rate of 6% taking into account Briars’ credit rating. The exchange rates were as follows: Euros to $ 1 June 2005 2 31 May 2006 2·5 Average rate for year 2·3 Financial liabilities of the Group are normally measured at amortised cost. One of the directors of Briars who is not on the management board of Egin owns the whole of the share capital of a company, Blue, that sells goods at market price to Briars. The director is in charge of the production at Briars and also acts as a consultant to the management board of the group. Required: (a) (i) Discuss why it is important to disclose related party transactions, explaining the criteria which determine a related party relationship. (5 marks) (ii) Describe the nature of any related party relationships and transactions which exists: – within the Egin Group including Tang (5 marks) – between Spade and the Egin Group (3 marks) – between Atomic and the Egin Group (3 marks) commenting on whether transactions should be described as being at ‘arm’s length’.
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举一反三
【单选题】肺循环起始于:
A.
左心室
B.
左心房
C.
右心房
D.
右心室
E.
主动脉根部
【多选题】下列对义和团运动的正确评价是
A.
粉碎了列强瓜分和灭亡中国的图谋
B.
显示了中国人民不畏强暴的英雄气概
C.
打击和教训了帝国主义者
D.
阻止了中国半殖民地化进程
【多选题】对义和团评价正确的是( )
A.
存在笼统排外主义的错误
B.
蒙受封建统治者的欺骗
C.
存在迷信、落后的倾向
D.
沉重打击外国列强
【多选题】下列对义和团运动的正确评价是()。
A.
粉碎了列强瓜分和灭亡中国的图谋。
B.
显示了中国人民不畏强暴的英雄气概。
C.
打击和教训了帝国主义者。
D.
具有迷信落后的倾向
【多选题】下列对义和团运动的正确评价是( )
A.
粉碎了列强瓜分和灭亡中国的图谋
B.
显示了中国人民不畏强暴的英勇气概
C.
打击和教训了帝国主义者
D.
阻止了中国半殖民地化进程
【多选题】下列对义和团运动的正确评价是( )。
A.
粉碎了帝国主义列强瓜分和灭亡中国的图谋
B.
显示了中国人民不畏强暴的英雄气概
C.
打击和教训了帝国主义者
D.
从义和团运动最后被镇压的结果看,他们的牺牲是徒劳无功的
【单选题】应对数据库崩溃的方法不包括()。
A.
高度重视,有效应对
B.
确保数据的保密性
C.
重视数据的可用性
D.
不依赖数据
【多选题】下列对义和团运动的评价正确的是()
A.
粉碎了列强瓜分和灭亡中国的图谋
B.
显示了中国人民不畏强暴的英雄气概
C.
打击和教训了帝国主义侵略者
D.
具有迷信落后的倾向
【简答题】Work in pairs to create a role-play based on this scenario. One student should be student A and one student B. some useful phrases and the first line are given to you.
【单选题】其他影响因素排除,当蛋白质营养不良时,苯并 [a] 芘等对实验动物的毒性( )
A.
减弱
B.
增强
C.
不变
D.
都有可能
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