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Glossary

CNAV 1 Assets
Land, Building
Building
Freehold/Leasehold land
Leasehold improvements

Receivable
Account receivable
Trade and other receivable
Amount due from associates
Amount due from joint venture
Bank deposit as collateral
Loans and advances
Deposits for notes payable
Pledged fixed deposits
Advances to associates

BigFatPurse.com

Cash
Cash and Cash Equivalent
Fixed Deposit

Investment Property
Investment Properties

Income Generating Assets (IGA)


Investment
Inventory
Plant, property & Equipment
Inventory
Financial assets
Biological Assets
Investments in associated companies
Mining Property
Joint ventures
Property held for sale
development property
property under construction
Deposit for investment
Interests in associated companies
Investment securities
Derivative Assets
Interest in jointly controlled entities
exploration and evaluation assets
Land held for development

Intangible
Intangible assets
Licences and Spectrum Rights
Railway Usage Rights
Patents
Land Use Rights
Trademarks
Contractual customer relationships

Minority Interest

Minority Interest
Minority Interest
A significant but non-controlling ownership of less
than 50% of a company's voting shares by either
an investor or another company.

Minority Interest
NAV = Total Assets Total Liabilities Minority Interest

CNAV1 = Good Assets Total Liabilities - Minority Interest

CNAV2 = Good Assets + 50% x (IGA) Total Liabilities - MI

Minority Interest
COMPANY A BALANCE SHEET
Assets
Cash

Liability

$500

Loan

$200

Shareholder Equity

Total

$500

Paid In Capital

$300

Total

$500

Minority Interest
No.

Activity

Company A Buy 80% of Company B

COMPANY B BALANCE SHEET


Assets
Cash

Liability

$100

Loan

$20

Shareholder Equity

Total

$100

Paid In Capital

$80

Total

$100

Minority Interest
Calculation of Buy Out
NAV for Company B

$80

80% of Company B

$64

20% of Company B

$16

Minority Interest
Consolidated Balance Sheet (A+B)
Assets
Cash

Liability

$536

Loan

$220

Shareholder Equity

Total

$536

Paid In Capital

$300

Minority Interest

$16

Total

$536

Loan = $200 (Loan A) + $20 (Loan B) = $220

Minority Interest
Consolidated Balance Sheet (A+B)
Assets
Cash

Liability

$536

Loan

$220

Shareholder Equity

Total

$536

Paid In Capital

$300

Minority Interest

$16

Total

$536

Cash = $500 (Cash A) + $100 (Cash B) - $64 (Cash


for Buy Out)

Minority Interest
Consolidated Balance Sheet (A+B)
Assets
Cash

Liability

$536

Loan

$220

Shareholder Equity

Total

$536

Paid In Capital

$300

Minority Interest

$16

Total

$536

Paid in Capital = $300 ( No change )

Minority Interest
Consolidated Balance Sheet (A+B)
Assets
Cash

Liability

$536

Loan

$220

Shareholder Equity

Total

$536

Paid In Capital

$300

Minority Interest

$16

Total

$536

Minority Interest = $16 (20% of Company B)

Minority Interest
Total Liabilities
Total Assets
Shareholders
Equity (NAV)
Minority Interest
NAV = Total Assets Total Liabilities Minority Interest
11

Minority Interest
NAV = Total Assets Total Liabilities Minority Interest

CNAV1 = Good Assets Total Liabilities - Minority Interest

CNAV2 = Good Assets + 50% x (IGA) Total Liabilities - MI

12

Minority Interest