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I. J. Lambrechts
AbstractThe Cash Flow Statement (CFS) had been in use in South Africa since October 1988. It replaced the Statement of Sources and Application of Funds, which had been in use since 1973. In spite of the general acceptance of the benefits of the CFS and i...
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R. C. Doenges,W. D. Hamman,I. J. Lambrechts
AbstractIn this article a framework is developed to test whether depreciation based on replacement cost meets cash flow requirements. It also indicates both the extent to which depreciation based on replacement cost can be linked to depreciation based on...
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M. A. Van Hoepen,I. J. Lambrechts,F. J. Mostert
AbstractThe objective with this article is to analyse and compare the method of calculating the gearing adjustment as applied in the United Kingdom (SSAP 16), the Netherlands (Philips 1981 version) and South Africa (Guideline AC 201). It could be read to...
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M. A. Van Hoepen,I. J. Lambrechts,F. J. Mostert
AbstractThe application of a gearing adjustment in inflation accounting has always resulted in the problem of determining a financing sequence. A decision has to be taken whether certain categories of assets are financed with equity and/or loan capital. ...
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W. D. Hamman,I. J. Lambrechts,F. J. Mostert
AbstractThis article covers an analysis of capital formation of 31 representative agricultural cooperatives and follows on a previous article which covered their financial situation for the period 1975 - 1985. Concerning the capital formation, it appears...
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W. D. Hamman,I. J. Lambrechts,F. J. Mostert
AbstractThis article covers a financial evaluation of 31 representative agricultural co-operatives. Although the ratio of the members' interest to the total assets remained reasonably constant during the study period, the share capital and reserves decre...
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W. D. Hamman,I. J. Lambrechts
AbstractConverting co-operatives to companies: A consideration The change in the Income Tax Act in 1977 resulted in co-operatives becoming tax liable from 1 April 1977. In addition, the Co-operatives Act of 1981 resulted in additional restrictions for c...
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J. J. Doppegieter,I. J. Lambrechts
AbstractThis is the last in a series of four articles. In the first article two price formulae were discussed and in the subsequent two articles two methods of analysis were demonstrated. In this article a third method of analysis concerning the sensitiv...
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J. J. Doppegieter,I. J. Lambrechts
AbstractIn this article, the third in a series of four, accent has been placed on a dynamic analysis of differences between the two price formulae introduced and discussed in the first article. Four different formulae components were analysed by comparin...
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W. D. Hamman,I. J. Lambrechts
AbstractAn optimal income appropriation policy for a co-operativeThe income (after interest payable, except on deferred bonuses and before taxation) can be appropriated in three different ways (different combinations are possible), i.e. the payment of ca...
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