F2 Exam Dumps : F2 Advanced Financial Reporting

In 20X5 the average interest rate on borrowing decreased compared to 20X4.

In 20X4 an onerous contract was provided for and this provision did not change in 20X5.

In 20X5 the increase in value of MNO's head office was reflected in the financial statements.

In 20X4 an unused building was sold at a price in excess of its carrying value.

A covenant on the existing bank loan that restricts the level of dividend that can be paid.

A projected decrease in interest cover that would breach a covenant on the existing loan.

The revaluation of GG's property that shows an increase in its value since the existing bank loan was taken out.

A projected lack of profits to be able to claim tax relief on the additional interest arising from the new loan.

Profit before interest and tax divided by finance costs

Finance costs divided by profit before interest and tax

Profit after tax divided by finance costs

Finance costs divided by profit after tax