Analyze the balance sheet STATEMENTS OF FINANCIAL POSITIONAs at 31 March 2021GroupCompany2021202020212020NoteRMRMRMRMNon-current assetsProperty, plant and equipment519,629,94416,369,822hvestment properties62,475,534867,729Intangible assets7330,039465,005hvestment in subsidiaries833,121,70628,261,600Other investment9200Deferred tax assets106,690668,303Trade receivables117.030.0685,206,85629,472,27523,577,91533,121,70628,261,600Current assetshventories1210,303,70319,815,810Trade receivables1144,981,75429,998,395Other receivables, depositsand prepayments137,493,8379,909,282217,100127,560Contract assets27.241,508,75522,355,805Amount owing by subsidiaries1445,248,1603,000,000Current tax assets172,44817,763Short term investments1515,228,71510,102,68915,228,71510.102,689Fixed deposits with financial institutions1621,377,93823,391,9795,116,76413,108,706Cash and bank balances55,595,13027,462,5891,034,0151,833,234196,662,280143,036,54966,862,51728,172,189Total assets226,134,555 166,614,46499,984,22356.433.789EquityShare capital1798,420,54359,841,99398,420,54359,841,993Foreign currency translation reserve1818,080Merger deficit(25,261,600) (25,261,600)Retained earnings1958,189,66746,269,3151,445,940(3,525,299)131,366,69080,849,70899,866,48356,316,694Non-controlling interestTotal equity995.308364.356132,361,99881,214,06499,866,48356,316,69494 STATEMENTS OF FINANCIAL POSITIONAs at 31 March 2021(cont'd)GroupCompany2021202020212020NoteRMRMRMRMNon-current liabilitiesBorrowings202,941,9923,278,113Lease liabilities216,889,4373,213,932Deferred tax liabilities1045,323Redeemable preference shares225,513,1535,011,457Contract liabilities27.23,642,5161,679,502Trade payables231,555,638598,10620,588,05913,781,110Current ligbilitiesTrade payables2350,196,99843,421,570Other payables, deposits receivedand accruals249,554,8032,882,530117,74046,674Amount owing to a subsidiary1438,030Provisions25237,828768,777Borrowings202,427,4157,577,765Lease liabilities211,705,1641,225,093Current tax liabilities140,08132,391Contract liabilities27.29,062,29015,603,47473,184,49871,619,290117,740117,095Total liabilities93,772,557117,09585.400.400117,740Total equity and liabilities226,134,555166,614,46499,984,22356,433,789The notes to the financial statements form an integral part of the financial statements9596ANNUAL REPORT 2021

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Answered: Analyze the balance sheet

Business

Accounting

Analyze the balance sheet

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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D CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, December 31, PERCENTAGE 2021 2020 USD USD Assets Current assets Cash and cash equivalents 34,115,412 25,681,845 Short-term financial instruments 71,417,748 80,798,680 Short-term financial assets at amortized cost 2,944,705 2,409,853 Short-term financial assets at fair value through profit or loss 35,624 62,452 Trade receivables 35,585,565 27,065,012 Non-trade receivables 3,930,828 3,150,548 Prepaid expenses 2,042,001 1,980,685 Inventories 36,172,043 28,007,314 Other current assets 4,441,629 3,281,589 Assets held-for-sale - 812,370 Total Current Assets 190,685,555 173,250,348 Non-current assets Financial assets at fair value through other comprehensive income 12,206,843 10,991,369 Financial assets at fair value through profit or loss 1,333,227 1,051,455 Investment in associates and joint ventures…
1. The following information is from Direct to You Corp.’s (DYC) financial records for its year ended December 31, 2020: Select statement of financial position information: 2020 2019 Investments in financial assets (at fair value through profit or loss [FVPL]) 12,000 10,000 Inventory 575,000 498,000 Property, plant, and equipment (PPE) 1,984,000 1,396,000 Less: accumulated depreciation (650,400) (487,000) Copyright 126,000 135,000 Patents 564,000 417,000 Select statement of comprehensive income information: Depreciation of property, plant, and equipment (334,400) Amortization of patents (65,000) Interest expense (75,000) Impairment loss — copyright (9,000) Gain on sale of PPE 23,000 Additional information: PPE that originally cost $570,000 was sold during the year. 100,000 common shares were issued in 2020 to acquire $450,000 of property, plant, and equipment. DYC is subject to IFRS. What amount of net cash used…
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Use the below information to answer the following questions:     20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30%    A. Create the Balance Sheets for 2020 & 2021.
Use the below information to answer the following questions:     20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30%    A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Refer to the following data of OCT2023CPACompany: Assets to be realized 1,375,000Assets acquired 825,000 Liabilities liquidated 1,875,000Assets realized 1,200,000Liabilities not liquidated 1,700,000 Assets not realized 1,375,000Llabilities assumed 1,625,000Llabilities to be liquidated 2,250,000 Supplementary charges 3,125,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively
E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
43. What is the carrying amount of the investment in associates at December 31, 2021? A. P708,500 B. P716,000 C. P718,000 D. P720,000
B. An entity provided the following information during the current year:January 1 December 31Fair value of plan assets 6,000,000 9,000,000Projected benefit obligation 4,500,000 5,000,000Prepaid/accrued benefit cost – surplus 1,500,000 4,000,000Asset ceiling 1,000,000 2,500,000Effect of asset ceiling 500,000 1,500,000During the year, the entity recognized current service cost P2,000,000, actual return on plan assets P400,000,and contribution to the plan P4,550,000 and benefits paid P1,950,000. The discount rate is 10% REQUIRED:7. Compute the net remeasurement loss for the current year
B. An entity provided the following information during the current year:January 1 December 31Fair value of plan assets 6,000,000 9,000,000Projected benefit obligation 4,500,000 5,000,000Prepaid/accrued benefit cost – surplus 1,500,000 4,000,000Asset ceiling 1,000,000 2,500,000Effect of asset ceiling 500,000 1,500,000During the year, the entity recognized current service cost P2,000,000, actual return on plan assets P400,000,and contribution to the plan P4,550,000 and benefits paid P1,950,000. The discount rate is 10% REQUIRED:8. Compute the defined benefit cost
B. An entity provided the following information during the current year:January 1 December 31Fair value of plan assets 6,000,000 9,000,000Projected benefit obligation 4,500,000 5,000,000Prepaid/accrued benefit cost – surplus 1,500,000 4,000,000Asset ceiling 1,000,000 2,500,000Effect of asset ceiling 500,000 1,500,000During the year, the entity recognized current service cost P2,000,000, actual return on plan assets P400,000,and contribution to the plan P4,550,000 and benefits paid P1,950,000. The discount rate is 10% REQUIRED:9. Compute the amount of prepaid benefit cost that should be reported on December 31