=+4. KITE Limited purchases raw materials from TOWER Limited. During the year ended 31 December 2003, purchases
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=+4. KITE Limited purchases raw materials from TOWER Limited. During the year ended 31 December 2003, purchases of these raw materials by KITE Limited from TOWER Limited amounted to €100 million. At 31 December 2003 the inventory of KITE Limited included raw materials purchased from TOWER Limited at a cost of €30 million (€15 million at 31 December 2002). TOWER Limited supplies raw materials to KITE Limited at cost plus 25%.
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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