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: 提供最新的在線欧美综合一区 | 色窝窝亚洲AⅤ网 | 国产成人18黄网站在线观看软件 | 欧美性生交大片免费看A片 欧美性生交大片免费看A片免费 | 成人欧美s视频 | 久久综合一区无码专区 | 吉泽明步高清无码中文 | 亚洲国产中文在线有精品 | 2024国产激情视频在线观看 | 四虎精品国产永久在线观看 | 亚洲av永久无码精品无码漫画 | 伊人婷婷涩六月丁香七月 | 亚洲怡红院频在线视频 | 久久精品女人天堂 | 不卡无码免费播放高清视频精品一区二区三区亚洲第一免 | 97夜夜澡人人爽人人模人人喊 | 日韩黄色电影免费在线 | 少妇伦子伦精品无码 | 噜噜视频日韩精品一区二区三区 | 久久久亚洲东京热 | 日韩一区二区三区四区五区 | 国产欧美日韩精品高清二区综合区 | 日本xxxx高清色视频在线播放 | 永久精品日本无码 | 国内精自视频品一2区 | 免费无码一区二区三区A片不卡 | 国精产品一二二区传媒有哪些 | 91精品国产高清久久久久久io | 亚洲AV色无码乱码在线观看 | 2024国产精品亚洲综合网 | 成人无码A片一区二区三区免费看 | 久久久久久夜精品 | 亚洲欧洲一区二区天堂久久 | 亚洲精品无码aⅴ片影音先锋 | 人妻系列中文字幕无码专区 | av网页在线播 | 熟女精品视频一区二区三区 | 日本xx免费看视频mm | 亚洲天堂精品在线观看 | 人人干人人爽 | 亚洲欧美v国产一区二区 |