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Year 4 at 10% 0.683 Year 5 at 10% 0.621 Question 2 (IAS 21) (25 marks) Sugar Limited is a mining company operating across Europe
Year 4 at 10% 0.683 Year 5 at 10% 0.621 Question 2 (IAS 21) (25 marks) Sugar Limited is a mining company operating across Europe and the Middle East. Sugar's functional currency is the Euro () On 25h March 2015, the directors came across classified information regarding the discovery of diamonds in Guatemala. Sugar Limited approached the two main banks in Guatemala, Barclays Bank and Standard Bank, for a loan that would fund a start-up mine in the area. The local currency in Guatemala is the Guatemalan Guenzel (G) Year 4 at 10% 0.683 Year 5 at 10% 0.621 Question 2 (IAS 21) (25 marks) Sugar Limited is a mining company operating across Europe and the Middle East. Sugar's functional currency is the Euro () On 25h March 2015, the directors came across classified information regarding the discovery of diamonds in Guatemala. Sugar Limited approached the two main banks in Guatemala, Barclays Bank and Standard Bank, for a loan that would fund a start-up mine in the area. The local currency in Guatemala is the Guatemalan Guenzel (G)
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