17. The Statement of financial position of Calvert Ltd at 31 December 2019 is as follows: Statement of financial position at 31 December 2019 2018 £000 £000 Non current assets Investment at cost 50 100 Plant and equipment – cost Less: accumulated depreciation 2,470 1,790 630 850 1,620 1,670 1,160 1,260 Current assets 740 Inventory Receivables 510 1,010 640 Bank 330 1,750 3,420 1,480 2,740 Total assets Equity Equity £1 shares Share premium Revaluation reserve 500 400 140 100 300 300 Retained earnings 730 800 1,670 1,600 Current liabilities Trade payables Corporation tax Bank overdraft 660 530 110 190 850 640 Non current liabilities long term loan 900 500 1,750 3,420 1,140 2,740 Total liabilities Total equity and liabilities
17. The Statement of financial position of Calvert Ltd at 31 December 2019 is as follows: Statement of financial position at 31 December 2019 2018 £000 £000 Non current assets Investment at cost 50 100 Plant and equipment – cost Less: accumulated depreciation 2,470 1,790 630 850 1,620 1,670 1,160 1,260 Current assets 740 Inventory Receivables 510 1,010 640 Bank 330 1,750 3,420 1,480 2,740 Total assets Equity Equity £1 shares Share premium Revaluation reserve 500 400 140 100 300 300 Retained earnings 730 800 1,670 1,600 Current liabilities Trade payables Corporation tax Bank overdraft 660 530 110 190 850 640 Non current liabilities long term loan 900 500 1,750 3,420 1,140 2,740 Total liabilities Total equity and liabilities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:17.
The Statement of financial position of Calvert Ltd at 31 December 2019 is as
follows:
Statement of financial position at 31 December
2019
2018
£000
£000
Non current assets
Investment at cost
50
100
Plant and equipment – cost
Less: accumulated depreciation
2,470
1,790
630
850
1,620
1,670
1,160
1,260
Current assets
740
Inventory
Receivables
510
1,010
640
Bank
330
1,750
3,420
1,480
2,740
Total assets
Equity
Equity £1 shares
Share premium
Revaluation reserve
500
400
140
100
300
300
Retained earnings
730
800
1,670
1,600
Current liabilities
Trade payables
Corporation tax
Bank overdraft
660
530
110
190
850
640
Non current liabilities
long term loan
900
500
1,750
3,420
1,140
2,740
Total liabilities
Total equity and liabilities
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