Question

In: Accounting

2019 2018 Assets Non-current assets 2629 2634 Property, plant and equipment 2027 2023 Intangible assets 391...

2019 2018
Assets
Non-current assets 2629 2634
Property, plant and equipment 2027 2023
Intangible assets 391 402
Consolidates entities 143 143
Long-term receivables and other investment 4 2
Defined benefits fund asset 64 63
Deferred taxation assets 1
Current assets 8468 7206
Inventories 2470 2061
Trade and other receivables 2096 2295
Derivative financial instruments 27 1
Reinsurance assets 304 146
Current amounts owing by consolidated entities 1002 641
Taxation 0 0
Cash and cash equivalent 2569 2062
Non-current asset held for sale 0 0
Total assets 11097 9840
Equity and liabilities
Equity attributable to equity holders of the parent 8177 7269
Issued capital
Capital reserves 323 264
Treasury share transactions -2204 -2164
Retained income 10041 9262
Foreign currency translation reserve 0 0
Defined benefit fund actuarial gains and losses -3 2
Cash flow hedge reserve 20 -95
Total equity 8177 7269
Non-current liabilities 271 218
Lease obligations 177 174
Deferred taxation liabilities 52 0
Long-term provisions 0 2
Long-term liabilities 11 13
Post retirement medial benefits 31 29
Current Liabilities 2649 2353
Trade and other payables 1850 1896
Derivative financial instruments 0 133
Reinsurance liabilities 46 38
Current amounts owing to consolidated entities 566 45
Current provision 0 2
Current portion of lease obligations 29 23
Taxation 33 180
Bank overdraft 125 36
Total liabilities 2920 2571
Total equity and liabilities 11097

9840

Comment on the financial position of the company. Support your answer with Ratio Analysis

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

2019 ‘000 US$ 2018 ‘000 US$ Assets Non-current assets Property, plant and equipment Right of use...
2019 ‘000 US$ 2018 ‘000 US$ Assets Non-current assets Property, plant and equipment Right of use assets Investment properties Intangible assets and goodwill Investment in equity accounted investees Other investments Accounts receivable and prepayments 12,226,735 2,080,908 1,672,911 10,054,701 2,200.252 20,009 675,845 8,960,782 - 1,622,130 8,833,151 2,101,425 51,078 574,570 Total non-current assets 28,931,361 22,143,136 Current assets Inventories Properties held for development and sales* Accounts receivable and prepayments Cash and cash equivalents 156,393 194,612 1,836,795 2,943,359 115,590 261,724 1,378,179 2,614,710 Total current...
2019 2018 Assets    Property,plant and equipment 12,458,491 11,116,316    Right of use assets 1,783,096 1,649,602...
2019 2018 Assets    Property,plant and equipment 12,458,491 11,116,316    Right of use assets 1,783,096 1,649,602    Intangible assets 11,308,062 10,050,172    Investment properties 16,283 15,425    Trade receivables 148,159 115,001    Receivables from financial services 123,136 884,686    Contract assets 10,291 3,513    Deferred tax assets 189,342 152,732    Investments in equity accounted investees 41,701 19,413    Other non current assets 304,270 421,306 Total non current assets 26,382,831 24,428,166    Inventories 178,399 180,434    Trade receivables 3,133,975 2,473,978   ...
Listed below are several terms and phrases associated with property, plant, and equipment and intangible assets.
Listed below are several terms and phrases associated with property, plant, and equipment and intangible assets. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it. 
Property, plant, and equipment and intangible assets; comprehensive The Thompson Corporation, a manufacturer of steel products,...
Property, plant, and equipment and intangible assets; comprehensive The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2014. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company’s records and personnel: a. Depreciation is computed from the first of the...
Property, plant, and equipment and intangible assets; comprehensive The Thompson Corporation, a manufacturer of steel products,...
Property, plant, and equipment and intangible assets; comprehensive The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2014. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company’s records and personnel: a. Depreciation is computed from the first of the...
Listed below are several terms and phrases associated with property, plant, and equipment and intangible assets....
Listed below are several terms and phrases associated with property, plant, and equipment and intangible assets. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it. List A List B 1. Property, plant, and equipment a. Exclusive right to display a word, a symbol, or an emblem. 2. Land improvements b. Exclusive right to benefit from a creative work. 3. Capitalize c. Assets that represent rights. 4. Average accumulated...
Both US GAAP and IFRS require that property, plant and equipment and finite-lived intangible assets be...
Both US GAAP and IFRS require that property, plant and equipment and finite-lived intangible assets be impaired under certain circumstances. As a general statement, these assets are impaired when their “value” is lower than their carrying value. While the general understanding of impairment is simple enough, it is much less clear how a company should determine whether a given long-lived asset is impaired. Read the relevant portions of the BC in SFAS No. 144 (paragraph B15), SFAS No. 121 (paragraphs...
Snowish Boutique Corp. Property, plant, and equipment and intangible assets December 31, 20X3 Life (in years...
Snowish Boutique Corp. Property, plant, and equipment and intangible assets December 31, 20X3 Life (in years ) Cost Residual value Accumulated depreciation / impairment to December 31, 20X3 Net book value, at December 31, 20X3 Tools and other equipment 15 $ 38,850 $ 0 $24,605 $14,245 Vehicles — old 5 16,500 500 14,400 2,100 Computer equipment 3 10,500 600 8,167 2,333 Patent   15 75,000 * 0 * 40,278 34,722 Trademark NA 45,000 0 0 45,000 total $185,850 $1,100 $87,450 $98,400...
  Most financial statement readers believe that property, plant and equipment, and intangible assets (most notably goodwill)...
  Most financial statement readers believe that property, plant and equipment, and intangible assets (most notably goodwill) are the most misstated assets on the balance sheet. Why? Certain liabilities, such as contingencies, pose special challenges to the accountant. What guidance does GAAP provide to help answer these questions: a.    Should we record the liability on the books? b.    What is the amount of the liability that should be recorded? c.     When should we record the liability, if ever?
   ABC PLC Consolidated Balance Sheet On December 31, 2019 Working capital Non-current assets Intangible assets...
   ABC PLC Consolidated Balance Sheet On December 31, 2019 Working capital Non-current assets Intangible assets 2,167 Tangible assets 7,937 Investments 74 10,178 Current Assets Inventory 3,739 Account receivable 6,242 cash 1,756 11,737 Current liabilities Account payable: Amounts due within one year (5,023) Net current assets 6,714 Total assets minus current liabilities 1,689.2 Account payable: Amounts due after more than one year (4,884) Provision for liabilities and fees (4,235) Net assets 7,773 Capital and reserves - Capital required - common...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT