What this is
Arithmetic B; interpretation C: negative residual = dividends received/impairment/disposals; positive = FX translation of USD affiliates (TPCi, Mariners LP) or additions. year to March 2008 suggests ~¥1.5bn of value left the affiliate balance (dividends or write-downs) the year after Diamond/Pearl.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- Δ(investments in unconsolidated subs & affiliates) − pickup: 6,886−7,095−1,334 = −1,543
- 9,513−6,272−2,627 = +614
- 11,653−9,513−952 = +1,188
- Arithmetic B
- interpretation C: negative residual = divide