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Question - Pfeiffer plc reports under IFRS. During fiscal year 2017, it spent £10 million in cash on research and development. Out of these £10 million, £3 million were spent researching a new drug, whose technological and commercial feasibility has not yet been established. The remaining £7 million were development costs, relating to another drug for which technological and commercial feasibility has been established. During 2017, Pfeiffer plc also recorded an amortization expense of £20 million (related to previously capitalized R&D costs). What was the total amount of expenses related to the firm's research and development activities during fiscal year 2017?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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