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Accounting
Consolidated Statement of Financial Position. Expressed in Thousands of Trinidad and Tobago dollars As at September 30 Notes 2022 $ 2021 $ ASSETS Non-current assets Property, plant and equipment Right-of-use assets 5 2,528,760 2,123,886 6 769,535 854,536 Investment properties 7 297,821 329,503 Goodwill 8 168,200 168,409 Other Intangible assets 9 63,417 59,415 Investments in associates and joint ventures 10 140,228 129,608 Trade and other receivables 11 822 800 Financial assets 12 1,861,390 923,521 Deferred Income tax assets 13 133,890 132,405 Retirement benefit assets 14 416,840 457,411 6,380,903 5,179,494 Current assets Inventories Trade and other receivables Financial assets Statutory deposits with regulators Cash and cash equivalents Assets classified as held for sale Total assets EQUITY Capital and reserves attributable to equity holders of the Parent Share capital Retained earnings Other reserves Non-controlling interests Total equity 15 2,063,908 1,627,654 11 1,854,381 1,571,430 12 1,044,797 587,353 16 17 47,654 1,227,119 26,643 2,034,141 37 79,821 2,508,194 6,317,680 8,355,415 12,698,583 13,534,909 18 764,344 6,370,513 764,344 5,878,713 20 (67,903) 25,075 21 7,066,954 185,829 6,668,132 164,039 7,252,783 6,832,171 LIABILITIES Non-current liabilities Borrowings Lease liabilities Trade and other payables Deferred Income tax liabilities Customers' deposits Retirement benefit obligations Provisions for other liabilities and charges Current liabilities Trade and other payables Customers' deposits Current Income tax liabilities Borrowings Lease liabilities Liabilities classified as held for sale Total liabilities Total equity and liabilities As at September 30 Notes 2022 2021 $ ༢ཋ - - ཀླུ ་ 22 6 24 1,546,406 846,518 2,116 1,448,159 919,516 13 224,210 234,043 23 211,938 114,028 14 77,715 82,664 15,689 48,094 2,924,592 2,846,504 24 22 1,713,135 1,485,242 23 334,665 179,474 157,432 161,570 22 26 239,822 261,742 76,154 68,717 37 1,699,489 2,521,208 3,856,234 5,445,800 6,702,738 12,698,583 13,534,909 The notes on pages 109 to 189 are an integral part of these consolidated financial statements. On November 23, 2022, the Board of Directors of Massy Holdings Ltd. authorised these consolidated financial statements for Issue.

Consolidated Statement of Financial Position. Expressed in Thousands of Trinidad and Tobago dollars As at September 30 Notes 2022 $ 2021 $ ASSETS Non-current assets Property, plant and equipment Right-of-use assets 5 2,528,760 2,123,886 6 769,535 854,536 Investment properties 7 297,821 329,503 Goodwill 8 168,200 168,409 Other Intangible assets 9 63,417 59,415 Investments in associates and joint ventures 10 140,228 129,608 Trade and other receivables 11 822 800 Financial assets 12 1,861,390 923,521 Deferred Income tax assets 13 133,890 132,405 Retirement benefit assets 14 416,840 457,411 6,380,903 5,179,494 Current assets Inventories Trade and other receivables Financial assets Statutory deposits with regulators Cash and cash equivalents Assets classified as held for sale Total assets EQUITY Capital and reserves attributable to equity holders of the Parent Share capital Retained earnings Other reserves Non-controlling interests Total equity 15 2,063,908 1,627,654 11 1,854,381 1,571,430 12 1,044,797 587,353 16 17 47,654 1,227,119 26,643 2,034,141 37 79,821 2,508,194 6,317,680 8,355,415 12,698,583 13,534,909 18 764,344 6,370,513 764,344 5,878,713 20 (67,903) 25,075 21 7,066,954 185,829 6,668,132 164,039 7,252,783 6,832,171 LIABILITIES Non-current liabilities Borrowings Lease liabilities Trade and other payables Deferred Income tax liabilities Customers' deposits Retirement benefit obligations Provisions for other liabilities and charges Current liabilities Trade and other payables Customers' deposits Current Income tax liabilities Borrowings Lease liabilities Liabilities classified as held for sale Total liabilities Total equity and liabilities As at September 30 Notes 2022 2021 $ ༢ཋ - - ཀླུ ་ 22 6 24 1,546,406 846,518 2,116 1,448,159 919,516 13 224,210 234,043 23 211,938 114,028 14 77,715 82,664 15,689 48,094 2,924,592 2,846,504 24 22 1,713,135 1,485,242 23 334,665 179,474 157,432 161,570 22 26 239,822 261,742 76,154 68,717 37 1,699,489 2,521,208 3,856,234 5,445,800 6,702,738 12,698,583 13,534,909 The notes on pages 109 to 189 are an integral part of these consolidated financial statements. On November 23, 2022, the Board of Directors of Massy Holdings Ltd. authorised these consolidated financial statements for Issue.

FINANCIAL ACCOUNTING
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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Property, Plant, and Equipment (PPE) Assessment:
a) Describe the company’s Property, Plant and Equipment section in the balance sheet relative to the total fixed assets of the company’s industry (use quantitative and qualitative summaries to support your description.
b) Analyze the accounting treatment of Property, Plant and Equipment, including depreciation methods employed and any impairments recognized, and include a brief summary of the accounting standards and principles included in the decision (reference the Notes that inform your summary).
c) Discuss the significance of Property, Plant And Equipment in the company’s operations and its impact on financial performance and reporting.

Consolidated Statement of Financial Position. Expressed in Thousands of Trinidad and Tobago dollars As at September 30 Notes 2022 $ 2021 $ ASSETS Non-current assets Property, plant and equipment Right-of-use assets 5 2,528,760 2,123,886 6 769,535 854,536 Investment properties 7 297,821 329,503 Goodwill 8 168,200 168,409 Other Intangible assets 9 63,417 59,415 Investments in associates and joint ventures 10 140,228 129,608 Trade and other receivables 11 822 800 Financial assets 12 1,861,390 923,521 Deferred Income tax assets 13 133,890 132,405 Retirement benefit assets 14 416,840 457,411 6,380,903 5,179,494 Current assets Inventories Trade and other receivables Financial assets Statutory deposits with regulators Cash and cash equivalents Assets classified as held for sale Total assets EQUITY Capital and reserves attributable to equity holders of the Parent Share capital Retained earnings Other reserves Non-controlling interests Total equity 15 2,063,908 1,627,654 11 1,854,381 1,571,430 12 1,044,797 587,353 16 17 47,654 1,227,119 26,643 2,034,141 37 79,821 2,508,194 6,317,680 8,355,415 12,698,583 13,534,909 18 764,344 6,370,513 764,344 5,878,713 20 (67,903) 25,075 21 7,066,954 185,829 6,668,132 164,039 7,252,783 6,832,171
Transcribed Image Text:Consolidated Statement of Financial Position. Expressed in Thousands of Trinidad and Tobago dollars As at September 30 Notes 2022 $ 2021 $ ASSETS Non-current assets Property, plant and equipment Right-of-use assets 5 2,528,760 2,123,886 6 769,535 854,536 Investment properties 7 297,821 329,503 Goodwill 8 168,200 168,409 Other Intangible assets 9 63,417 59,415 Investments in associates and joint ventures 10 140,228 129,608 Trade and other receivables 11 822 800 Financial assets 12 1,861,390 923,521 Deferred Income tax assets 13 133,890 132,405 Retirement benefit assets 14 416,840 457,411 6,380,903 5,179,494 Current assets Inventories Trade and other receivables Financial assets Statutory deposits with regulators Cash and cash equivalents Assets classified as held for sale Total assets EQUITY Capital and reserves attributable to equity holders of the Parent Share capital Retained earnings Other reserves Non-controlling interests Total equity 15 2,063,908 1,627,654 11 1,854,381 1,571,430 12 1,044,797 587,353 16 17 47,654 1,227,119 26,643 2,034,141 37 79,821 2,508,194 6,317,680 8,355,415 12,698,583 13,534,909 18 764,344 6,370,513 764,344 5,878,713 20 (67,903) 25,075 21 7,066,954 185,829 6,668,132 164,039 7,252,783 6,832,171
LIABILITIES Non-current liabilities Borrowings Lease liabilities Trade and other payables Deferred Income tax liabilities Customers' deposits Retirement benefit obligations Provisions for other liabilities and charges Current liabilities Trade and other payables Customers' deposits Current Income tax liabilities Borrowings Lease liabilities Liabilities classified as held for sale Total liabilities Total equity and liabilities As at September 30 Notes 2022 2021 $ ༢ཋ - - ཀླུ ་ 22 6 24 1,546,406 846,518 2,116 1,448,159 919,516 13 224,210 234,043 23 211,938 114,028 14 77,715 82,664 15,689 48,094 2,924,592 2,846,504 24 22 1,713,135 1,485,242 23 334,665 179,474 157,432 161,570 22 26 239,822 261,742 76,154 68,717 37 1,699,489 2,521,208 3,856,234 5,445,800 6,702,738 12,698,583 13,534,909 The notes on pages 109 to 189 are an integral part of these consolidated financial statements. On November 23, 2022, the Board of Directors of Massy Holdings Ltd. authorised these consolidated financial statements for Issue.
Transcribed Image Text:LIABILITIES Non-current liabilities Borrowings Lease liabilities Trade and other payables Deferred Income tax liabilities Customers' deposits Retirement benefit obligations Provisions for other liabilities and charges Current liabilities Trade and other payables Customers' deposits Current Income tax liabilities Borrowings Lease liabilities Liabilities classified as held for sale Total liabilities Total equity and liabilities As at September 30 Notes 2022 2021 $ ༢ཋ - - ཀླུ ་ 22 6 24 1,546,406 846,518 2,116 1,448,159 919,516 13 224,210 234,043 23 211,938 114,028 14 77,715 82,664 15,689 48,094 2,924,592 2,846,504 24 22 1,713,135 1,485,242 23 334,665 179,474 157,432 161,570 22 26 239,822 261,742 76,154 68,717 37 1,699,489 2,521,208 3,856,234 5,445,800 6,702,738 12,698,583 13,534,909 The notes on pages 109 to 189 are an integral part of these consolidated financial statements. On November 23, 2022, the Board of Directors of Massy Holdings Ltd. authorised these consolidated financial statements for Issue.
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