Question
Lions Gate Enterainment Corp. has numerous equity method investments. The following excerpt is from Lionsgate March 31, 2017. Equity method investee March 31, 2017 Ownership
Lions Gate Enterainment Corp. has numerous equity method investments. The following excerpt is from Lionsgate March 31, 2017.
Equity method investee March 31, 2017 Ownership percentage March 31, 2017 March 31, 2016
----------------- Amounts in milllions-------------------------
EPIX 31.15% $188.8 $171.8
POP 50% $96.8 $98.7
OTHER various $37.3 $27
Equity method investee (amount in millions) Year ended March 31, 2017 2016 2015
EPIX $31 $52.1 $48.7
POP ($6.9) ($1.8) ($9.6)
OTHER ($13.4) ($6.1) $13.4
POP is the Company's joint venture with CBS. During the year ended March 31, 2017, the company made contributions of $5 million to Pop (2016-$8.8 million, 2015-$15 million). Lionsgate owned the same proportion of Pop's equity at March 31, 2017, 2016 and 2015.
a. Using the facts presented in this exercise, what is the total amount of dividends declared and paid by Pp during the year ended March 31, 2017?
b. Assume the total amount of dividends declared and paid by Pop during the year ended March 31, 2016 is the same as the year ended March 31, 2017. What is the balance of Lionsgate's equity investment in Pop March 31, 2015?
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