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i. ii. Non- Current assets Intangible assets Property, plant and equipment Investments Current assets Inventory Trade receivables Investments Cash Total assets Current liabilities Trade payables Other creditors Statement of Financial Position as at 31st December 2021 £m 5,485 1,613 335 7.433 Additional information: Non current liabilities Loans and other borrowings Net assets Equity Ordinary share capital (50p shares) Share premium Retained profits 708 1,249 145 201 2,303 9.736 (583) (1,928) (2,511) (4.137) 3.088 300 1,071 1.717 3.088 During 2021 a total dividend of £255m was paid (2020: £242m) The average share price during 2021 was £5.12 (2020: £4.00). 2020 £m 5,809 1,605 318 7.732 659 1,287 232 177 2,355 10.087 (655) (2,391) (3.046) (4.129) 2.912 300 1,071 1.541 2.912

i. ii. Non- Current assets Intangible assets Property, plant and equipment Investments Current assets Inventory Trade receivables Investments Cash Total assets Current liabilities Trade payables Other creditors Statement of Financial Position as at 31st December 2021 £m 5,485 1,613 335 7.433 Additional information: Non current liabilities Loans and other borrowings Net assets Equity Ordinary share capital (50p shares) Share premium Retained profits 708 1,249 145 201 2,303 9.736 (583) (1,928) (2,511) (4.137) 3.088 300 1,071 1.717 3.088 During 2021 a total dividend of £255m was paid (2020: £242m) The average share price during 2021 was £5.12 (2020: £4.00). 2020 £m 5,809 1,605 318 7.732 659 1,287 232 177 2,355 10.087 (655) (2,391) (3.046) (4.129) 2.912 300 1,071 1.541 2.912

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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Interest cover

 

i. ii. Non- Current assets Intangible assets Property, plant and equipment Investments Current assets Inventory Trade receivables Investments Cash Total assets Current liabilities Trade payables Other creditors Statement of Financial Position as at 31st December 2021 £m Additional information: Non current liabilities Loans and other borrowings Net assets Equity Ordinary share capital (50p shares) Share premium Retained profits 5,485 1,613 335 7,433 708 1,249 145 201 2,303 9.736 (583) (1,928) (2,511) (4.137) 3,088 300 1,071 1.717 3,088 During 2021 a total dividend of £255m was paid (2020: £242m) The average share price during 2021 was £5.12 (2020: £4.00). 2020 £m 5,809 1,605 318 7.732 659 1,287 232 177 2,355 10,087 (655) (2,391) (3,046) (4.129) 2,912 300 1,071 1,541 2,912
Transcribed Image Text:i. ii. Non- Current assets Intangible assets Property, plant and equipment Investments Current assets Inventory Trade receivables Investments Cash Total assets Current liabilities Trade payables Other creditors Statement of Financial Position as at 31st December 2021 £m Additional information: Non current liabilities Loans and other borrowings Net assets Equity Ordinary share capital (50p shares) Share premium Retained profits 5,485 1,613 335 7,433 708 1,249 145 201 2,303 9.736 (583) (1,928) (2,511) (4.137) 3,088 300 1,071 1.717 3,088 During 2021 a total dividend of £255m was paid (2020: £242m) The average share price during 2021 was £5.12 (2020: £4.00). 2020 £m 5,809 1,605 318 7.732 659 1,287 232 177 2,355 10,087 (655) (2,391) (3,046) (4.129) 2,912 300 1,071 1,541 2,912
QUESTION 2 Sweets plc is a long-established sweets and confectionery manufacturer. All products are manufactured in the UK, but sales are made worldwide. It is a growing but competitive market. Given below are extracts from their financial statements, Revenue Cost of sales Gross profit Profit and Loss statement for the year ended 31st December 2020 £m 6,441 (3,096) 3,345 Distribution costs Marketing and selling costs Administrative expenses Operating profit Profit/loss on sale of fixed assets Investment income Interest payable Profit/(loss) before taxation Taxation Profit for the year 2021 £m 6,738 (3.235) 3,503 (437) (1,324) (937) 805 19 22 (226) 620 (189) 431 (422) (1,274) (950) 699 (5) 26 (181) 539 (173) 366
Transcribed Image Text:QUESTION 2 Sweets plc is a long-established sweets and confectionery manufacturer. All products are manufactured in the UK, but sales are made worldwide. It is a growing but competitive market. Given below are extracts from their financial statements, Revenue Cost of sales Gross profit Profit and Loss statement for the year ended 31st December 2020 £m 6,441 (3,096) 3,345 Distribution costs Marketing and selling costs Administrative expenses Operating profit Profit/loss on sale of fixed assets Investment income Interest payable Profit/(loss) before taxation Taxation Profit for the year 2021 £m 6,738 (3.235) 3,503 (437) (1,324) (937) 805 19 22 (226) 620 (189) 431 (422) (1,274) (950) 699 (5) 26 (181) 539 (173) 366
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