NO.PZ2024101001000072
问题如下:
Question An analyst gathers the following information about a company (in € millions):
The adjusted profit before tax that best reflects the company's core performance (in € millions) is:
选项:
A.A.20. B.B.24. C.C.27.解释:
Solution-
Incorrect because net profit is adjusted for one-off gains only as follows: Adjusted profit before tax of core operations = Profit before tax – One-off income from associates and joint ventures = 30 – 10 = 20.
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Correct because the analyst is interested in the ongoing operations of the company unaffected by non-repeating types of gains or losses (such as One-off income from associates and joint ventures and One-off revaluation loss).
Accordingly, the Adjusted profit before tax of core operations = Profit before tax – One-off income from associates and joint ventures + One-off revaluation loss = 30 – 10 + 4 = 24.
Recurring yearly provisions for restructuring activities are already reflected in Profit before tax and no adjustment is needed. Provisions involve decisions by management, they recur regularly, and they affect the returns to shareholders. In assessing the company’s prospects, these charges are important variables that should not to be ignored.
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Incorrect because net profit is adjusted for one-offs and recurring items, as follows: Adjusted profit before tax of core operations = Profit before tax – One-off income from associates and joint ventures + One-off revaluation loss + Recurring yearly provisions for restructuring activities= 30 – 10 + 4 + 3 = 27.
- evaluate how a given change in accounting standards, methods, or assumptions affects financial statements and ratios
这个是哪个知识点,在哪里有讲过?怎么判断哪些加哪些不加