Abu Dhabi Construction (ADC) is a multinational company located in the United Arab Emirates (UAE) just hired you to be the new financial executive. The multinational company has three subsidiaries which are in Kuwait, Egypt, and Oman. Each subsidiary has monthly unsettled balances due to or from other subsidiaries. The current exchange rates are KWD0.08050/AED

OMR0.1020/AED, and EGP4.3500/AED. The following are the unsettled intracompany debts at the end of May.

ADC UAE should receive KWD8.05 million from ADC Kuwait.

ADC UAE should receive OMR2.55 million from ADC Oman.

ADC UAE should receive EGP 282.75 million from ADC Egypt

ADC Egypt should receive AED35 million from ADC UAE.

ADC Egypt should receive KWD6.44 million from ADC Kuwait.

ADC Egypt should receive OMR9.69 million from ADC Oman.

ADC Oman should receive AED60 million from ADC UAE

ADC Oman should receive KWD4.025 million from ADC Kuwait.

ADC Oman should receive EGP 195.75 million from ADC Egypt

ADC Kuwait should receive AED20 million from ADC UAE

ADC Kuwait should receive OMR7.65 million from ADC Oman.

ADC Kuwait should receive EGP 304.5 million from ADC Egypt

AED= United Arab Emirates Dirham, KWD= Kuwaiti Dinar, OMR= Oman Rial, EGP= Egyptian Pound

1. Convert all the cash flows into AED (United Arab Emirates Dirham) and fill in the table cells below to show intra-company transactions.

	PAYING SUBSIDIARY (AED in millions)
RECEIVING SUBSIDIARY (AED in millions)	UAE(Parent)	Egypt	Oman	Kuwait
UAE
Egypt
Oman
Kuwait

(4 marks)