NO.PZ202304050100008501
问题如下：
Trana, which reports under International Financial Reporting Standards (IFRS), is a Sweden-based retailer operating stores in three geographic locations: Sweden, the eurozone (with a current presence only in France, Germany, and Italy), and the United States. The stores in the eurozone and the United States are operated through a wholly owned subsidiary in each region. The income statements are presented in Exhibit 1.
Exhibit 1 Trana AB Income Statements for the Years Ended 31 December
In 2012, at the start of Trana’s expansion into North American markets, the company established a subsidiary, Anart Inc., in a South American country to benefit from lower labor and shipping costs. The details of the Anart investment are as follows:
Anart is 80% owned by Trana with 20% local investment.
It sells all of its production to Trana and Trana’s other subsidiaries and determines the transfer price as full cost plus 5%.
In 2015, sales (in millions) from Anart to Trana companies were SEK4,485 with net profit of SEK204.
The corporate tax rate in the country is 10%.
Eriksson reminds Lars that there is a proposal in Sweden to reduce the corporate tax rate from the current 22% to 16.5%. He would like to provide pro-forma disclosures related to the potential change in net income this change could provide for Trana. He reminds Lars that the average tax rate for the eurozone countries where Trana operates is 30% and 25% in the United States. Sweden operates under a tax treaty with all countries in which it has subsidiaries, such that it will owe taxes on foreign earned income to the extent that the Swedish rate exceeds the foreign rate.
(1) If the proposed reduction in Swedish tax rates had been in effect in 2015, the increase in Trana’s net profit (in SEK millions) would have been closest to:
选项：
A.SEK31.2.
SEK18.6.
SEK29.8.
解释：
The proposed change in Swedish tax rates would have affected the income earned in Sweden (SEK338 before tax) and the pre-tax income earned in the South American subsidiary (SEK227, see calculation in following table) because the tax rate there is lower than in Sweden and hence subject to tax at Swedish rates. The income earned in tax jurisdictions with rates higher than Sweden’s (Europe and the United States) are not subject to tax in Sweden and thus would not have been affected.
* To calculate EBT, divide net profit of SEK204 by (1 – tax rate): 204/(1 – 0.10) = SEK227.
这道题在算母公司利润的时候把南美子公司的利润加上了。
但是在consolidation方法下，这属于intercompany tranactions，首先在sales这里不能合并，其次在NI上，要减去unearned revenue。
为什么这道题要把南美子公司的利润加上去，题目上说子公司的货都卖给了母公司，应该属于intercompany tranactions吧？
就好像一个公司成立了SPE，spe所有来自母公司的revenue都不会被合并一样。
