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: 中文字幕 制服 亚洲 另类 | 国产成人精品免高潮在线观看 | 大陆极品少妇内射AAAAAA | 中文成人精品视频久久视频 | 亚洲av无码高清不卡在线观看 | 丁香婷婷五月 | 亚洲国产成人不卡在线 | 人妻少妇中文字幕久久√一 | 午夜精品国产福利在线观看 | 日韩欧美亚洲国产一区二区三区 | 精品无码专区在线播放 | 久青草国产在视频在线观看 | 无码人妻丰满熟妇奶水区码 | 亚洲国产va乱码毛片一级高清三 | 精品久久久久久精品三级 | 日日碰狠狠躁久久躁96AVV | 精品伊人久久久久网站 | 久久草情侣vs国产 | 高清在线一区二区高清在线观看 | 二区三区免费视频 | 国产精品va视频一区二区 | 一本久道久久综合多人 | 亚洲欧美在线综合 | a级毛片免费 | 欧美韩国日本一区 | 福利一区二区三区视频午夜观看 | 成年免费a级毛片 | 中文无码字幕一区到五区免费 | 欧美高清揄拍自拍视频网站 | av无码一区二区在线观看 | 国产无人区卡一卡二卡乱码 | 国产AV无码专区亚洲AV久久 | 大帝a无码视频在线播放 | 国产av无码精品色午夜 | 成人h动漫网站hd在线播放 | 久久久国产精华特点:传承与创新 | 国产成人亚洲系列毛片 | 国产在线自乱拍播放 | 国产成人精品久久免费 | 亚洲色偷偷偷综合网另类小说 | 日韩欧美国产偷亚洲清高 |