Professional Documents
Culture Documents
Ví D Ch9 KTQTE
Ví D Ch9 KTQTE
01/01/X0
Dr Cash 100,000,000
Cr Liability (convertible bond) 92,980,308
Cr Equity (Capital reserve) 7,019,692
30/06/X0
Interest
Dr Interest expense (P/L) 2,789,409
Cr Liability (Convertible bond) 2,789,409
Payment
Dr Liability ( convertible bond) 2,000,000
Cr Cash 2,000,000
30/06/X0 31/12/X0 30/06/X1 31/12/X1 30/06/X2
Coupon rate (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000)
Nominal value
Out flow (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000)
NPV (3%,outflow)
Liability component
The proceed
Equiti component
01/01/X0
Dr Cash 100,000,000
Cr Liability (convertible bond) $92,980,308
Cr Equity (Capital reserve) 7,019,692
30/06/X0
Interest Payment
Dr Interest expense (P/L) 2,789,409 Dr Liability ( convertible bond) 2,000,000
Cr Liability (Convertible bond) 2,789,409 Cr Cash 2,000,000
Patial convertion
Dr Equity( Capital reserve) 1,403,938
Dr Liability ( Convertible bond) 19,084,059
Cr Equity ( Ordinary share) 20,487,997
30/06/X0 31/12/X0 30/06/X1 31/12/X1
Coupon rate (2,000,000) (2,000,000) (2,000,000) (2,000,000)
Nominal value
Out flow (2,000,000) (2,000,000) (2,000,000) (2,000,000)
NPV (3%,outflow) ($92,980,308) NPV (2%,outflow) (100,000,000)
Liability component $92,980,308 Liability component 100,000,000
The proceed 100,000,000 Redemption price 108,000,000
Equiti component 7,019,692 Allocated for equity 8,000,000
31/12/X1
Different between redemption amount an carying value
Allocated for liability component : 3,717,098
Allocated for equity component: 980,308
Redemption
Dr Equity ( Capital reserve) 7,019,692
Dr Liability ( convertible bond) 96,282,902
Dr Bond redemption expense 3,717,098
Dr Equity ( Capital reserve) 980,308
Cr Cash 108,000,000
30/06/X0 31/12/X0 30/06/X1 31/12/X1 30/06/X2
Coupon rate (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000)
Nominal value
Out flow (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000)
NPV (3%,outflow)
Liability component
The proceed
Equiti component
01/01/X0
Dr Cash 100,000,000
Cr Liability (convertible bond) $92,980,308
Cr Equity (Capital reserve) 7,019,692
30/06/X0
Interest Payment
Dr Interest expense (P/L) 2,789,409 Dr Liability ( convertible bond) 2,000,000
Cr Liability (Convertible bond) 2,789,409 Cr Cash 2,000,000
31/12/X5
Cash receive 75,000
Warrant exercised 4,500
Equity 79,500
Nominal value 52,500
Share reserve 27,000
Dr Equity-Warrant 1,500
Cr Equity (Capital reserve) 1,500
01/01/X4
Issued share capital 12,000,000
Retained earning 3,000,000
Total shareholder's equity 15,000,000
01/01/X4
Dr Treasury share 30,000
Cr Cash 30,000
01/10/X4
Dr Issued share capital 30,000
Cr Treasury shares 30,000
Date 1/1/X0 30/6/X0 31/12/X0 30/6/X1 31/12/X1 30/6/X2
Coupon rate 150,000 150,000 150,000 150,000 150,000
Face value
Outflows 150,000 150,000 150,000 150,000 150,000
Liability component 9,124,794
Equity component 875,206
2
Date Payment Effective Amortized Unamortized CA of debt
interest bond discount bond discount
1/1/X0 875,206 9,124,794
30/6/X0 150,000 228,120 78,120 953,326 9,202,913
31/12/X0 150,000 230,073 80,073 1,033,399 9,282,986
30/6/X1 150,000 232,075 82,075 1,115,474 9,365,061
31/12/X1 150,000 234,127 84,127 1,199,600 9,449,187
30/6/X2 150,000 236,230 86,230 1,285,830 9,535,417
45,000 70,869 25,869 385,749 2,860,625
Covertible 30%
105,000 165,361 60,361 900,081 6,674,792
31/12/X2 105,000 166,870 61,870 961,951 6,736,662
30/6/X3 105,000 168,417 63,417 1,025,367 6,800,078
31/12/X3 105,000 170,002 65,002 1,090,369 6,865,080
30/6/X4 105,000 171,627 66,627 1,156,996 6,931,707
31/12/X4 105,000 173,293 68,293 1,225,289 7,000,000
3
31/12/X2 30/6/X3 31/12/X3 30/6/X4 31/12/X4
150,000 150,000 150,000 150,000 150,000
10,000,000
150,000 150,000 150,000 150,000 10,150,000
Yêu cầu 2
Cash Interest Effective Amortized CA of
Date Unamortized
(payment) Interest of bond Liability
of bond
02/01/X0 1,312,810 8,687,190
30/06/X0 100,000 217,180 117,180 1,195,630 8,804,370
31/12/X0 100,000 220,109 120,109 1,075,521 8,924,479
30/06/X1 100,000 223,112 123,112 952,409 9,047,591
31/12/X1 100,000 226,190 126,190 826,219 9,173,781
30/06/X2 100,000 229,345 129,345 696,874 9,303,126
31/12/X2 100,000 232,578 132,578 564,296 9,435,704
30/06/X3 100,000 235,893 135,893 428,404 9,571,596
31/12/X3 100,000 239,290 139,290 289,114 9,710,886
30/06/X4 100,000 242,772 142,772 146,341 9,853,659
31/12/X4 100,000 246,341 146,341 (0) 10,000,000
Yêu cầu 3:
Year 01/07/X2 31/12/X2 30/06/X3 31/12/X3 30/06/X4
Coupon rate (1%) (100,000) (100,000) (100,000) (100,000)
Nominal value
Outflows (100,000) (100,000) (100,000) (100,000)
NPV [1.5%,outflows] ($9,760,868)
Liability component $9,760,868
Yêu cầu 4:
01/07/X2 Carrying amount
Carying amount of Liability 9,303,126
Carrying amonut of Equity component 696,874
01/07/X2 Different between redemption price with carrying amount; redemption price = 10,000,000 x 103% = 10,300,000.
Allocated for liability component 696,874
Allocated for equity component 539,132
31/12/X4
(100,000)
(10,000,000)
(10,100,000)
0,000 x 103% = 10,300,000.
Yêu cầu 1,2
Year 31/12/X0 31/12/X1 31/12/X2 31/12/X3 31/12/X4
Coupon Interest 85,000 85,000 85,000 85,000
Nominal value
Outflows 85,000 85,000 85,000 85,000
NPV [8%,outflows] 1,019,964
Debt component = 1,019,964
31/12/X0
Dr Investment 1,019,964
Cr Cash 1,019,964
31/12/X1
Dr Cash 85,000
Cr Interest receive 81,597
Cr Bond 3,403
Dr Bond 70,067
Cr Gain on revaluation (OCI) 70,067
Dr Cash 85,000
Cr Interest receive 81,325
Cr Bond 3,675
Yeu cau 2
Effective Amortized Unamortized Priciple CA of debt
Date Payment Interest of Bond of Bond component
01/07/X6 500,000 12,000,000 12,500,000
31/12/X6 180,000 132,336 (47,664) 452,336 12,000,000 12,452,336
30/06/X7 180,000 131,831 (48,169) 404,168 12,000,000 12,404,168
31/12/X7 180,000 131,321 (48,679) 355,489 12,000,000 12,355,489
30/06/X8 180,000 130,806 (49,194) 306,295 12,000,000 12,306,295
31/12/X8 180,000 130,285 (49,715) 256,581 12,000,000 12,256,581
30/06/X9 180,000 129,759 (50,241) 206,340 12,000,000 12,206,340
31/12/X9 180,000 129,227 (50,773) 155,567 12,000,000 12,155,567
30/06/X10 180,000 128,690 (51,310) 104,256 12,000,000 12,104,256
31/12/X10 180,000 128,146 (51,854) 52,403 12,000,000 12,052,403
30/06/X11 12,180,000 127,597 (12,052,403) (12,000,000) 12,000,000 -
Yeu cau 3
FV of the MRPS as at 31/12/X6 and 30/06/X7
FV of the MRPS as at 31/12/X6 : 11,510,266
FV of the MRPS as at 30/06/X7: 11,139,584
FV of MRPS as at 31/12/x6
CA of MRPS as at 31/12/x6
Change
Dr Loss (P/L)
Cr MRPS (Bond)
30/07/X7 30/07/X7
Dr Cash 180,000 Dr Cash
Cr Interest income 131,831 Cr Interest income
Cr MRPS (Bond) 48,169 Cr MRPS (Bond)
FV of MRPS as at 30/06/x7
CA of MRPS as at 30/06/x7
Change
Dr Loss (P/L)
Cr MRPS (Bond)
30/06/X9 31/12/X9 30/06/X10 31/12/X10 30/06/X11
180,000 180,000 180,000 180,000 12,180,000
31/12/X6
c. FVOCI
180,000 Dr Cash 180,000
132,336 Cr Interest income 132,336
47,664 Cr MRPS (Bond) 47,664
30/07/X7
180,000 Dr Cash 180,000
131,831 Cr Interest income 131,831
48,169 Cr MRPS (Bond) 48,169
Yeu cau 3
31/12/X6
Dr Cash 12,500,000
Dr Unamortized of Bond 553,331
Cr Bond 12,000,000
Cr Equity option 1,053,331
Yeu cau 4
Effective Amortized Unamortized CA of debt
Date Payment Interest of Bond of Bond component
31/12/X8 143,479 5,856,521
30/06/X9 60,000 87,848 27,848 115,632 5,884,368
31/12/X9 60,000 88,266 28,266 87,366 5,912,634
30/06/X10 60,000 88,690 28,690 58,677 5,941,323
31/12/X10 60,000 89,120 29,120 29,557 5,970,443
30/06/X11 6,060,000 89,557 (5,970,443) 6,000,000 -
31/12/X8
Dr Equity option 526,666
Dr Debt 6,000,000
Cr Unamortized of Bond 143,479
Cr Issued share capital 6,383,186
Year 01/01/X1 30/06/X1 31/12/X1 30/06/X2 31/12/X2 30/06/X3 31/12/X3
Coupon Interest (200,000) (200,000) (200,000) (200,000) (200,000) (200,000)
Nominal value
Outflows (200,000) (200,000) (200,000) (200,000) (200,000) (200,000)
NPV[4%,outflows] (8,377,821) NPV[6%,outflows] (9,458,281)
Liability component 8,377,821 Liability component 9,458,281
The proceeds 10,000,000 Redemption price 12,500,000
Equity component 1,622,179 Equity component 3,041,719
Cash
Effective CA of Equity
Year Interest
Interest Liability component
(payment)
01/01/X1 8,377,821 01/07/X3
30/06/X1 200,000 335,113 8,512,934 1,622,179 Carrying amount
31/12/X1 200,000 340,517 8,653,451 1,622,179 Carrying amount of Liability
30/06/X2 200,000 346,138 8,799,589 1,622,179 Carrying amount of Equity compone
31/12/X2 200,000 351,984 8,951,573 1,622,179
30/06/X3 200,000 358,063 9,109,636 1,622,179 Different between redemption price
31/12/X3 200,000 364,385 9,274,021 1,622,179 Allocated for liability component
30/06/X4 200,000 370,961 9,444,982 1,622,179 Allocated for equity component
31/12/X4 200,000 377,799 9,622,781 1,622,179
30/06/X5 200,000 384,911 9,807,692 1,622,179
31/12/X5 200,000 392,308 10,000,000 1,622,179
Total 2,000,000 3,622,179 1,622,179
30/06/X4 31/12/X4 30/06/X5 31/12/X5
(200,000) (200,000) (200,000) (200,000)
(10,000,000)
(200,000) (200,000) (200,000) (10,200,000)
Yêu cầu 2:
a. 01/01/X1
mount of Liability 9,109,636 Dr Cash 10,000,000
mount of Equity component 1,622,179 Cr Liability (Convertible bond) 8,377,821
Cr Equity ( Capital reserve) 1,622,179
etween redemption price with carrying amount
or liability component 506,708 b. 31/12/X1
or equity component 1,419,540 Payment
Dr Liability (Convertible bond) 200,000
Cr Cash 200,000
1/7/X1
Dr Cash -
Cr Interest income -
Dr Interest income
Cr Bond