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chap 18

D

dimitris13

Member
hi,

for sh profits in case of w/o profits business it says: + the release of supervisory reserves.

however there is an exercise (18.3) where it deducts the increase in reserves.

is it the same from a different point of view?
 
Hi

Yes, it's the same thing from different point of view.

Imagine supervisory reserves change from 12 to 10 over a time period. This is a release of 2. It's also an increase of -2. So, + the release of supervisory reserves = - the increase in reserves.

Lynn
 
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