What this is
Method b's year to March 2017 anchor (0.32 × 56,652 = 18,129,) fails its own test: Nintendo's Mar-2017 carrying amount must be at least 0.32 × TPC's opening equity + the year to March 2017 pickup; on the parent's year to February 2016 net assets alone (10,767,) that is 3,445 + 20,271 = 23,716, ≥¥5.6bn above 18,129, so 247,364 is a biased floor and is dropped.
The values
- Implied carrying floor: 252,463
- Method d upper before fx: 263,047
- Look through 32pct of group NA: 273,558
- Implied carrying range: 252,463 to 273,558
- Ceiling equity method plus subsidiary securities: 308,118
- Method b superseded floor: 247,364
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledSummarized assoc net assets, FY2016 (Apr 2016–Mar 2017) [Nintendo 当連結会計年度; TPC period not stated]¥56.7bn
- ReportedNet assets, year to February 2016¥10.8bn
- FiledShare of profit equity method affiliates, FY2016 (Apr 2016–Mar 2017)¥20.3bn
- FiledInvestment securities unconsolidated subs and associates, As of 31 March 2015 (31 March 2014: 9,513)¥11.7bn
- FiledShare of profit equity method affiliates, FY2015 (Apr 2015–Mar 2016)¥1.9bn
- FiledNintendo’s total share of profit from its equity-method affiliates, chiefly its 32% of The Pokémon Company, over the ten years to March 2026¥253bn
Show the working
- floor = method a 252,463
- method d = 11,653 + 1,887 + 253,334 − 3,827 = 263,047 (before FX)
- look-through 273,558
- ceiling 308,118 unchanged
Related figures
Built from this one