In: Finance
Mentari Inc. is a conglomerate company that has four subsidiaries located in Brunei, Malaysia, United Kingdom, and Switzerland. The exchange rates available for the company are MYR2.9000/BND, GBP0.4000/BND and BND1.2500/CHF. The following is the inter- subsidiary payments matrix for Mentari Inc in multiple currencies.
RECEIVING |
PAYING SUBSIDIARY (in millions) |
|||
SUBSIDIARY (in millions) |
Brunei |
Malaysia |
United Kingdom |
Switzerland |
Brunei |
MYR58 |
GBP10 |
CHF12.5 |
|
Malaysia |
BND10 |
GBP12 |
CHF16.25 |
|
United Kingdom |
BND 20 |
MYR29 |
CHF 20 |
|
Switzerland |
BND15 |
MYR43.5 |
GBP6 |
RECEIVING SUBSIDIARY (BND in millions) |
PAYING SUBSIDIARY (BND in millions) |
|||
Brunei |
Malaysia |
United Kingdom |
Switzerland |
|
Brunei |
||||
Malaysia |
10 |
|||
United Kingdom |
20 |
|||
Switzerland |
15 |
Transaction cost in BND with no netting:
RECEIVING |
PAYING SUBSIDIARY (BND in millions) |
|||||
SUBSIDIARY (BND in millions) |
Brunei |
Malaysia |
United Kingdom |
Switzerland |
Total receipt |
Total Receipt/ (payment) |
Brunei |
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Malaysia |
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United Kingdom |
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Switzerland |
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Brunei |
Transaction cost in BND with multilateral netting: