=+2. On 30 June 2003 CHOPPER plc disposed of all of its 75% interest in KINGPIN Limited
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=+2. On 30 June 2003 CHOPPER plc disposed of all of its 75% interest in KINGPIN Limited for €160 million in cash. KINGPIN Limited’s results are classified as discontinued in the consolidated statement of comprehensive income. The loss on disposal of discontinued operations in the consolidated statement of comprehensive income is arrived at as follows:
em Sale proceeds 160 Goodwill (8)
Net assets disposed of (75% of €216 million) (162)
(10)
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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