无码一区二区三区高清在线观-无码一区二区三区高清在线-无码一区二区三区电影-无码一区二区三区不卡av-无码一区二区三区不卡-无码一区二区三区va在线播放

萬能百科  > 財(cái)會(huì)類 ?  > 

(a) The following information relates to Crosswire a publicly listed company.Sum

2021-04-25   

(a) The following information relates to Crosswire a publicly listed company.

Summarised statements of financial position as at:

The following information is available:

(i) During the year to 30 September 2009, Crosswire embarked on a replacement and expansion programme for its non-current assets. The details of this programme are:

On 1 October 2008 Crosswire acquired a platinum mine at a cost of $5 million. A condition of mining the

platinum is a requirement to landscape the mining site at the end of its estimated life of ten years. The

present value of this cost at the date of the purchase was calculated at $3 million (in addition to the

purchase price of the mine of $5 million).

Also on 1 October 2008 Crosswire revalued its freehold land for the first time. The credit in the revaluation

reserve is the net amount of the revaluation after a transfer to deferred tax on the gain. The tax rate applicable to Crosswire for deferred tax is 20% per annum.

On 1 April 2009 Crosswire took out a finance lease for some new plant. The fair value of the plant was

$10 million. The lease agreement provided for an initial payment on 1 April 2009 of $2·4 million followed

by eight six-monthly payments of $1·2 million commencing 30 September 2009.

Plant disposed of during the year had a carrying amount of $500,000 and was sold for $1·2 million. The

remaining movement on the property, plant and equipment, after charging depreciation of $3 million, was

the cost of replacing plant.

(ii) From 1 October 2008 to 31 March 2009 a further $500,000 was spent completing the development

project at which date marketing and production started. The sales of the new product proved disappointing

and on 30 September 2009 the development costs were written down to $1 million via an impairment

charge.

(iii) During the year ended 30 September 2009, $4 million of the 10% convertible loan notes matured. The

loan note holders had the option of redemption at par in cash or to exchange them for equity shares on the

basis of 20 new shares for each $100 of loan notes. 75% of the loan-note holders chose the equity option.

Ignore any effect of this on the other equity reserve.

All the above items have been treated correctly according to International Financial Reporting Standards.

(iv) The finance costs are made up of:

Required:

(i) Prepare a statement of the movements in the carrying amount of Crosswire’s non-current assets for the

year ended 30 September 2009; (9 marks)

(ii) Calculate the amounts that would appear under the headings of ‘cash flows from investing activities’

and ‘cash flows from financing activities’ in the statement of cash flows for Crosswire for the year ended

30 September 2009.

Note: Crosswire includes finance costs paid as a financing activity. (8 marks)

(b) A substantial shareholder has written to the directors of Crosswire expressing particular concern over the

deterioration of the company’s return on capital employed (ROCE)

Required:

Calculate Crosswire’s ROCE for the two years ended 30 September 2008 and 2009 and comment on the

apparent cause of its deterioration.

Note: ROCE should be taken as profit before interest on long-term borrowings and tax as a percentage of equity plus loan notes and finance lease obligations (at the year end). (8 marks)

正確答案:

(i)Thecashelementsoftheincreaseinproperty,plantandequipmentare$5millionforthemine(thecapitalisedenvironmentalprovisionisnotacashflow)and$2·4millionforthereplacementplantmakingatotalof$7·4million.(ii)Ofthe$4millionconvertibleloannotes(5,000–1,000)thatwerer

詞條內(nèi)容僅供參考,如果您需要解決具體問題
(尤其在法律、醫(yī)學(xué)等領(lǐng)域),建議您咨詢相關(guān)領(lǐng)域?qū)I(yè)人士。

標(biāo)簽

主站蜘蛛池模板: a级国产乱理论片在线播放 a级国产乱理论片在线观看 | 日韩一区精品视频一区二区 | 毛在线观看国产2020 | 天天综合网日韩欧美影视 | 国产亚洲精品VA片在线播放 | 亚洲国产aⅴ精品一区二区综合 | 久久精品人妻一区二区蜜桃 | 无码精品日本一区二区桃花岛 | 精品久久久久久亚洲 | 亚洲欧美日韩视频一区 | 蜜臀久久99精品久久久久久网站 | 国产成人av免费观看 | 国产成人无码综合亚洲日韩 | 欧美又粗又黄又硬的A片 | 成人国产在线视频 | 国产精品毛片在线完整版 | 无码aⅴ精品一区二区三区浪潮 | 国产成人无码区免费内射一片色欲 | 粉嫩AV久久一区二区三区 | 五月丁香婷婷激情在线观看 | 老师的丰满大乳奶水在线观看 | 思思热久久精品在线6 | 暴露放荡的娇妻 | 亚洲卡无码久久五月 | 亚洲精品高清无码视频专区 | 天堂8在线天堂资源BT | 少妇被躁爽到呻吟全过的小说 | 制服丝袜在线观看 | 欧美午夜a∨大片久久 | 成人综合网站 | 国产成人精品无码一区二区百度 | 久久精品成人一区二区三区亚洲天堂中文字幕 | 久久婷婷五月综合色 | 加念气流转的装备有哪些 | 国产高清第一页 | 久久精品人妻一区二区三区蜜柚 | www.成人影院 | 亚洲精品国产品国语在线 | 色狠狠成人综合网 | 国产精品国产三级国产在线观看 | 久久久久久久精品国产免费 |