Characteristic | Bugle AG | Cathay Corp | Dumas SA |
Classification | FVPL | FVOCI | Amortized cost |
Cost* | €25,000 | €40,000 | €50,000 |
Market value, 31 December 2017 | 29,000 | 38,000 | 54,000 |
Market value, 31 December 2018 | 28,000 | 37,000 | 55,000 |
* All securities were acquired at par value.
In addition, Confabulated’s annual report discusses a transaction under which receivables were securitized through a special purpose entity (SPE) for Confabulated’s benefit.
Question
Confabulated’s reported interest income would be lower if the cost was the same but the par value (in € thousands) of:
1 Answer