CIMA F2 Syllabus C. Group accounts - Cashflow statement - Investment property - Notes 7 / 11
Investment Property Income - Illustration of Step 3
| Income Statement | |
| Investment Property Income | 80 |
| Statement of Financial Position | X2 | X1 |
| Investment Property | 200 | 140 |
There were no purchases of IP in the year.
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Solution
| Opening IP (from SFP) | 140 |
| Income statement figure for year | 80 |
| Cash received (balancing figure) | (20) |
| Closing IP (from SFP) | 200 |
Investment property income of 20 (rent received probably) goes to the investing activities section of the cashflow statement.