SHABNUM COSTATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 202 S'000 20X1 S'000 Assets Non-current assets Property, plant and equipment Intangible assets Investments 380 305 250 200 25 Current asset Inventories Receivables 150 102 390 315 Short-term investments Cash in hand 50 2. 1,222 Total assets Equity and liabilities Equity Share capital (S1 ordinary shares) Share premium account Revaluation surplus 948 200 150 160 150 91 100 Retained earnings 260 180 Non-current liabilities Loan Current liabilities 170 50 Trade payables Bank overdraft Taxation 127 119 85 98 120 110 Total equity and liabilities 1,222 948 The following information is available. (a) The proceeds of the sale of non-current asset investments amounted to $30,000. (b) Fixtures and fittings, with an original cost of $85.000 and a carrying amount of $45.000, were sold for $32.000 during the year. (c) The following information relates to property, plant and equipment 31.12.20X2 31.12.20X1 S'000 S000 Cost 720 595 Accumulated depreciation 340 290 Carrying amount (book value) (d) 50.000 $1 ordinary shares were issued during the year at a premium of 20c per share. (e) Dividends totalling $80.000 were paid during the year. 380 305 *Prepare the statement of cash flows for the year to 31 December 20X2 using the Indirect method, show the note to the solutions figures
SHABNUM COSTATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 202 S'000 20X1 S'000 Assets Non-current assets Property, plant and equipment Intangible assets Investments 380 305 250 200 25 Current asset Inventories Receivables 150 102 390 315 Short-term investments Cash in hand 50 2. 1,222 Total assets Equity and liabilities Equity Share capital (S1 ordinary shares) Share premium account Revaluation surplus 948 200 150 160 150 91 100 Retained earnings 260 180 Non-current liabilities Loan Current liabilities 170 50 Trade payables Bank overdraft Taxation 127 119 85 98 120 110 Total equity and liabilities 1,222 948 The following information is available. (a) The proceeds of the sale of non-current asset investments amounted to $30,000. (b) Fixtures and fittings, with an original cost of $85.000 and a carrying amount of $45.000, were sold for $32.000 during the year. (c) The following information relates to property, plant and equipment 31.12.20X2 31.12.20X1 S'000 S000 Cost 720 595 Accumulated depreciation 340 290 Carrying amount (book value) (d) 50.000 $1 ordinary shares were issued during the year at a premium of 20c per share. (e) Dividends totalling $80.000 were paid during the year. 380 305 *Prepare the statement of cash flows for the year to 31 December 20X2 using the Indirect method, show the note to the solutions figures
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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