Romeo plc produced the following statement of financial position at the end of the third year of
Question:
Romeo plc produced the following statement of financial position at the end of the third year of trading:
An analysis of the underlying records reveals the following:
1. R&D costs relating to the development of a new product in the current year had been written off at a cost of £10 million. However, this is a prudent approach and the benefits are expected to last for ten years.
2. Property has a current value of £200 million.
3. The current market value of an ordinary share is £8.50.
4. The book value of the loan notes reflects their current market value.
Required:
Calculate the MVA for the business over its period of trading.
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Romeo plc Adjusted net assets capital invested Total assets less current liabilities ...View the full answer
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