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: 日本一区二区三区视频在线观看 | 免费国产在线观看老王影院 | 69国产成人精品午夜福中文 | 亚洲国产精品无码成人片久久 | 久久久黄色大片 | 亚洲欧美国产国产一区第二页 | 国产亚洲日韩网曝欧美精品 | 国产成人综合亚洲av第一页 | 丁香婷婷久久大综合 | 白莲花乖腿打开h调教 | 久久久精品久久久久久久久久久 | 黑人大操白富美 内射 | 久久精选卡一卡二卡三 | 日本国产另类久久久精品 | 国产美女视频免费观看的网站 | 亚洲国产成人精品女人久久久 | 福利姬一区二区三区在线观看 | 国产交换配偶在线视频 | 国产成人福利免费观看 | 国产成人免费不卡在线观看 | 不卡区一区二区三区国产 | 日韩精品无码不卡无码 | 99精品国产一区二区三区不卡 | 久久综合精品国产二区无码 | 少妇人妻雪白丰满的肉体视 | 国产91福利精品免费观看 | 久久久久亚洲av无码尤物 | 亚洲欧美日韩—级特黄在线 | 天堂国产一区二区三区四区不卡 | 国产av人妻无码一区二区 | 2024天天干天天射 | 少妇人妻偷人精品 | 精品久久久久久无码专区不卡 | WWW色情成人免费视频 | 久久国产自偷自偷免费一区1 | 成人片一区二区三区四区 | 免费在线亚洲精品视频 | 美女露出尿口让男人揉动态图网站 | 精品人妻中文字幕无码蜜桃臀 | 精品久久8x国产免费观看午夜人妻二区完整版中国 | 日本一在线中文字幕天堂 |