NO.PZ201812100100000406
问题如下：
Adrienne Yu is an analyst with an international bank. She analyzes Ambleu S.A. ("Ambleu"), a multinational corporation, for a client presentation. Ambleu complies with IFRS, and its presentation currency is the Norvoltian krone (NVK).
Ambleu’s two subsidiaries, Ngcorp and Cendaró, have different functional currencies: Ngcorp uses the Bindiar franc (₤B) and Cendaró uses the Crenland guinea (CRG).
Yu first analyzes the following three transactions to assess foreign currency transaction exposure:
Transaction 1: Cendaró sells goods to a non-domestic customer that pays in dollars on the purchase date.
Transaction 2: Ngcorp obtains a loan in Bindiar francs on 1 June 2016 from a European bank with the Norvoltian krone as its presentation currency.
Transaction 3: Ambleu imports inventory from Bindiar under 45-day credit terms, and the payment is to be denominated in Bindiar francs.
Yu then reviews Transactions 2 and 3. She determines the method that Ambleu would use to translate Transaction 2 into its 31 December 2016 consolidated financial statements. While analyzing Transaction 3, Yu notes that Ambleu purchased inventory on 1 June 2016 for ₤B27,000/ton. Ambleu pays for the inventory on 15 July 2016. Exhibit 1 presents selected economic data for Bindiar and Crenland.
Prior to reviewing the 2016 and 2017 consolidated financial statements of Ambleu, Yu meets with her supervisor, who asks Yu the following two questions:
Question 1 Would a foreign currency depreciation reduce Ambleu’s net sales growth?
Question 2 According to IFRS, what disclosures should be included relating to Ambleu‘s treatment of foreign currency translation for Ngcorp?
To complete her assignment, Yu analyzes selected information and notes from Ambleu’s 2016 and 2017 consolidated financial statements, presented in Exhibit 2.
Note 1: Cendaro’s revenue for 2017 is CRG125.23 million.
Note 2:
Note 3: The parent company transferred NVK15 million to Cendaró on 1 January 2016 to purchase a patent from a competitor for CRG85.17 million.
Note 4: The 2016 consolidated balance sheet includes Ngcorp’s total intangible assets of NVK3 million, which were added to Ngcorp’s balance sheet on 15 July 2016.
Based on Exhibit 1 and Note 1 in Exhibit 2, the amount that Ambleu should include in its 31 December 2017 revenue from Cendaró is closest to:
选项：
A. NVK10.60 million.
B. NVK13.25 million.
C. NVK19.73 million.
解释：
A is correct.
Crenland experienced hyperinflation from 31 December 2015 to 31 December 2017, as shown by the General Price Index, with cumulative inflation of 128.2% during this period. According to IFRS, Cendaró’s financial statements must be restated for local inflation, then translated into Norvoltian kroner using the current exchange rate. The 2017 revenue from Cendaró that should be included in Ambleu’s income statement is calculated as follows:
Revenue in CRG × (GPI 31 December 2017/GPI average 2017) = Inflation-adjusted revenue in CRG
CRG125.23 million × (228.2/186.2) = CRG153.48 million
Inflation-adjusted revenue in CRG/31 December 2017 exchange rate (CRG/NVK) = Revenue in Norvoltian kroner
CRG153.48 million/14.4810 = NVK10.60 million
解析：考点是hyperinflation情况下translate方法。母公司遵循IFRS，因此在转换C公司报表之前需要先restate，然后再使用current exchange rate转换（注意不是current rate method）。C公司当年的revenue是125.23，restate要基于平均值：125.23*（228.2/186.2）=153.48CRG，当前汇率是14.4810CRG/NVK，转换后的revenue是153.48/14.4810=10.6NVK
老师 为什么有通货膨胀调整后收入还变多了呢 不应该购买力下降所以收入下降吗？
