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Using the information given below, calculate the value of financial asset as on 31.12.2018 on the basis that a. It is classified as FVTPL ,
Using the information given below, calculate the value of financial asset as on 31.12.2018 on the basis that a. It is classified as FVTPL , (2.5 marks) b. Value of impairment if it is classified on Amortization basis (2.5 marks) (Total 5 marks) A commercial company purchased a five-year bond on 1 January 2018 at a cost of OMR 18,000,000. The rate of annual interest on the investment was 10%. Which is also the effective rate payable on 31 December every year. At the reporting date of 31.12.2018, interest has been received as expected and the market rate of interest increased to 12% now
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