Investor Presentaiton slide image

Investor Presentaiton

LKAS 40 - Investment property Questions Hand-out 1 Question 3 See View Ltd has interests in three investment properties: Property A- was constructed by See View Ltd - the fair value of this property is not reliably determinable on a continuing basis . - Property B It is held by See View Ltd under a finance lease; and · Property C is held by Sea View Ltd under an operating lease Assuming all three properties have been properly classified as investment property, which model should be used for the measurement of them after initial recognition Question 4 During the year ended 31 December 2015, an entity held interest in four investment properties at fair value. Relevant financial information is set out below: Property A B C D FV @ 1/1/2015 FV at transfer Proceeds of sale FV @ 31/12/2015 100 n/a n/a 140 98 89 n/a 80 210 118 n/a 218 n/a n/a n/a 112 During the year: . Property B became an owner occupied and was transferred to property, plant and equipment Property C was sold What amount should be included in profit or loss as the fair value change of investment properties for the year ended 31 December 2015? Question 5 Regent Ltd owns an investment property which leases on a furnished basis and account for it using the FV model. At 1 January 2015 the property had a carrying value of Rs 258million including Rs 23 million relating to furnishings. During 2015 Regent Ltd replaced the furnishings at a cost of Rs 62 million. At 31 December 2015 the fair value of the furnished property was Rs 339 million. What amount should be replaced within profit or loss for the year ended 31 December 2015 for this property?
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