Mistral SA has two counterparties. With A: a receivable of 720,000 and a payable of 465,000, with a currently legally enforceable right of set-off and the intention to settle on a net basis. With B: a receivable of 90,000 and a payable of 75,000, but the right of set-off is contingent on a future event (case facts). Calculate the net amount presented for A, then the total of the financial assets presented for A and B.
- Receivable from A
- 720,000
- Payable to A
- 465,000
- Receivable from B
- 90,000
- Payable to B
- 75,000