During the year, some financial assets were written down by $15m to reflect the permchent diminutish in value. Additional financial assets were purchased on 31 Dec Year ! for $40m, other financial assets were disposed of for a valle of stom during Year. Cost on disposal of financul assets: Balance at 1.1 Year I Written down Addituus Disposal (balance) Balahe at 31.12 Year 1 Gail on disposal of filalicial assets: Sales oblets 50 Cost Statement of Financial positions at 31 December Assets Nuh - Chilect assets Intangible assets Tuhyiable asets Fihuhuul assets 200 (15) 40 (5) 220 (5) 45 Year I Year o $m $m 277 224 1023 2208 220 600 Look 1520 Cash Flow from operating activities Net profit before interest and tax Adjustment for: Statement of Cash Flow of the year ended 31 Dec Year I $m 179 Amortization on intangible assets Deprecation Gain on disposal of hun-calfect assets Financul asset written off Guch on disposal of financial asset 7 22 15 (45) $m

During the year, some financial assets were written down by $15m to reflect the permchent diminutish in value. Additional financial assets were purchased on 31 Dec Year ! for $40m, other financial assets were disposed of for a valle of stom during Year. Cost on disposal of financul assets: Balance at 1.1 Year I Written down Addituus Disposal (balance) Balahe at 31.12 Year 1 Gail on disposal of filalicial assets: Sales oblets 50 Cost Statement of Financial positions at 31 December Assets Nuh - Chilect assets Intangible assets Tuhyiable asets Fihuhuul assets 200 (15) 40 (5) 220 (5) 45 Year I Year o $m $m 277 224 1023 2208 220 600 Look 1520 Cash Flow from operating activities Net profit before interest and tax Adjustment for: Statement of Cash Flow of the year ended 31 Dec Year I $m 179 Amortization on intangible assets Deprecation Gain on disposal of hun-calfect assets Financul asset written off Guch on disposal of financial asset 7 22 15 (45) $m

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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