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: 精品无人乱码高清在线观看 | 久久久久黑人强伦姧人妻 | 国产成人精品久久久久精品日日 | 无码av高清特级黄在线观看二 | 91精品国产乱码久久久久久 | 中文字幕一区二区三区久久网站 | 日韩av无码午夜免费福利制服 | 欧美性猛交aa一级 | 2024国产成人久久精品 | 精品人妻一区二区三区小视频 | 99精品人妻无码专区在线视频区 | 久久一级视频 | 国产午夜精品理论片 | 日本一大新区免费高清不卡 | 午夜精品射精入后重之免费观看 | 欧美日韩人妻精品一区二区三区 | 国产最新在线一区二区 | 91香蕉亚洲精品人人影视 | 潮喷大喷水系列无码久久精品 | 久久久无码一区 | 2024国产麻豆剧果冻传媒影视 | 国产黄色免费 | 麻豆国产13p| 亚洲国产成人精品无码一区二区 | 亚洲成人色区 | 亚洲国产人成中文幕一级二级 | 91高清免费国产自产拍 | 国产福利一区二区 | 久久久久久精品成人 | 国产欧美精品综合一区 | 国产成人精品一区二区a片带套 | 自慰喷白浆一区二区 | 精品水蜜桃久久久久久久 | 国产精品夜色视频一区二区 | 日韩av无码一区二区三区不卡毛 | 一本大道波多野吉衣 | 精华国产一二三产区区别 | 韩国高清大片免费观看在线第9集 | 亚洲综合无码精品一区二区三区 | 国产黄色免费 | a级免费在线短视频 |