Table XVI. Purging calculation based on... | Emerald Publishing

Table XVI.

Purging calculation based on direct method

Month	Purging calculation [monthly impure income × no. of shares × holding period]	Purgingamount
April	For 2 Shares held for 3 Months (a): 0.3 × 2 shares × interest of 3 months = 1.8 For 3 Shares held for 9 Months (b): 0.2 × 3 shares × 9 months = 5.4 Total (a + b) = 1.8 + 5.4 = 7.2	7.2
May	For 2 Shares held for 2 Months (a): 0.3 × 2 shares × interest of 2 months = 1.2 For 3 Shares held for 9 Months (a): 0.2 × 3 shares × 9 months = 5.4 Total (a + b) = 1.2 + 5.4 = 6.6	6.6
June	For 2 Shares Not held for 1 Month (a): 0.3 × −2 shares x interest of 1 month = −0.6 For 3 Shares Not held for 9 Months (a): 0.2 × −3 shares × 9 months = −5.4 Total (a + b) = −0.6 + −5.4 = −6.0	−6.0
August	For 4 Shares held for 8 Months (a): 0.2 × 4 shares × 8 months = 6.4	6.4
December	For 2 Shares not held for 4 Months (a): 0.2 × −2 shares × 4 months = −1.6	−1.6
Total purging amount		12.6

Month	Purging calculation [monthly impure income × no. of shares × holding period]	Purgingamount
April	For 2 Shares held for 3 Months (a): 0.3 × 2 shares × interest of 3 months = 1.8For 3 Shares held for 9 Months (b): 0.2 × 3 shares × 9 months = 5.4Total (a + b) = 1.8 + 5.4 = 7.2	7.2
May	For 2 Shares held for 2 Months (a): 0.3 × 2 shares × interest of 2 months = 1.2For 3 Shares held for 9 Months (a): 0.2 × 3 shares × 9 months = 5.4Total (a + b) = 1.2 + 5.4 = 6.6	6.6
June	For 2 Shares Not held for 1 Month (a): 0.3 × −2 shares x interest of 1 month = −0.6For 3 Shares Not held for 9 Months (a): 0.2 × −3 shares × 9 months = −5.4Total (a + b) = −0.6 + −5.4 = −6.0	−6.0
August	For 4 Shares held for 8 Months (a): 0.2 × 4 shares × 8 months = 6.4	6.4
December	For 2 Shares not held for 4 Months (a): 0.2 × −2 shares × 4 months = −1.6	−1.6
Total purging amount		12.6