1. 

   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?

    

   dimitris13, Dec 16, 2018

   #1
2. 

   Lynn Birchall ActEd Tutor Staff Member

   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

    

   Lynn Birchall, Dec 16, 2018

   #2

   dimitris13 likes this.

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