Beruflich Dokumente
Kultur Dokumente
BALANCE SHEET
PART A - NON-CURRENT ASSET VALUATION
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its market value at these dates was 38,000 and 30,000 respectively.
Tutorials 4, 5
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Tutorials 4, 5
Amounts
12,000
15,000
4,000
1,000
1,500
24,000
20,000
4,000
500
40,000
16,000
86,000
Required:
a.) Draw up a balance sheet (list format) as of 31st of December 2010.
b.) What are the long-term finance and the working capital of this company? Comment briefly
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Tutorials 4, 5
a.) Balance sheet for the year ended December 31st 2010
Narratives
A. NON-CURRENT ASSETS
I. Intangibles
Amounts
II. Receivables
C. PREPAYMENTS
D. CURRENT LIABILITIES
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I. DEFERRALS
J. CAPITAL AND RESERVES
Tutorials 4, 5
Question 4 The following information is available on 31st of December 2012 about a service
provider company.
Amounts
12.000
4,000
7,000
5,000
2,000
124,000
40,000
12,000
30,000
4,000
5,000
473,000
35,000
9.000
26,000
7,000
120,000
15,000
60,000
25,000
Required:
a.) Draw up a balance sheet (list format) as of 31st of December 2010.
b.) Check of the value of 120,000 for the social capital is the correct one. If not, replace it
with the right figure.
b.) What are the long-term finance and the working capital of this company? Comment briefly
on its financial position.
Narratives
Amounts
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Information
Bonds held to maturity (they mature in 2018) - long term fin inv
Bonds purchased for resale acquisition cost 15,000, market value on balance sheet
date 18,000 - short term fin inv
Building (acquisition cost of 600,000 accumulated depreciation 60,000, market value
520,000
Cash at bank
Consumables (acquisition cost 20,000, market value on 31.12.2012 21,000)
Dividends payable
Equipment (acquisition cost 50,000 accumulated depreciation 20,000 market value
28.000)
Income tax payable
Interest payable
Land (acquisition cost 120,000 market value on 31.12.2012 140,000)
Licenses (acquisition cost 30,000, accumulated amortization 6,000, no market value
Long-term bank loan (of which 1 quarter becomes due and payable in less than a year)
Long-term lease obligation (a quarter becomes payable within the next 12 months)
Long-term receivable - long term fin inv
Patents
Prepaid rent 18.000. Payment made on 1st of July 2012 for the next 12 months
Profit for the year
Receivables from the owners
Reserves (retained earnings)
Salaries payable
Services in progress
Shares bought for long-term control of another company (acquisition cost 28,000
market value 25.000)
Shares bought for resale (acquisition cost 18,000, market value 14,000) short term
Short term bank loan
Short term deposits with a bank (note: the company made the deposit) cash at bank
Social capital (ordinary shares)
Sundry debtors (debitori diversi) C Asset recev.
Trade creditors (Accounts payable) C.L.
Trade debtors (Accounts receivable) C.A. recev.
Tutorials 4, 5
A. NON-CURRENT ASSETS
I. Intangibles
II. Receivables
C. PREPAYMENTS
D. CURRENT LIABILITIES
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I. DEFERRALS
J. CAPITAL AND RESERVES
Tutorials 4, 5
one year
Issued capital (share capital) 2.200 RON
Reserves 400 RON
Profit 90 RON
Salaries payable 100 RON
Rent received in advance for the next two years x
Long term bank loan granted to other company 200 RON
Amounts
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ASSETS
Tutorials 4, 5
NON-CURRENT ASSETS
Intangibles
OWNERS EQUITY
NON-CURRENT LIABILITIES
CURRENT ASSETS
CURRENT LIABILITIES
Inventories
Receivables
Short-term financial
investments
PREPAYMENTS
DEFERRALS
TOTAL ASSETS
Narratives
Amounts
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Tutorials 4, 5
A. NON-CURRENT ASSETS
I. Intangibles
II. Receivables
C. PREPAYMENTS
D. CURRENT LIABILITIES
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I. DEFERRALS
J. CAPITAL AND RESERVES
Tutorials 4, 5
Determine total current assets, total current liabilities in compliance with IAS 1 and
calculate the value of subscribed share capital (issued capital).
Amounts
Amounts
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ASSETS
Tutorials 4, 5
NON-CURRENT ASSETS
Intangibles
OWNERS EQUITY
NON-CURRENT LIABILITIES
CURRENT ASSETS
CURRENT LIABILITIES
Inventories
Receivables
Short-term financial
investments
PREPAYMENTS
DEFERRALS
TOTAL ASSETS
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ASSETS
Amounts
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Tutorials 4, 5
Tutorials 4, 5
NON-CURRENT ASSETS
Intangibles
OWNERS EQUITY
NON-CURRENT LIABILITIES
CURRENT ASSETS
CURRENT LIABILITIES
Inventories
Receivables
Short-term financial
investments
PREPAYMENTS
DEFERRALS
TOTAL ASSETS