Prepare the company's statement of financial position as at 31 December 20X4, complying as far as possible with IAS 1 Presentation of financial statements. Details of non-current assets, adjusted appropriately, should appear as they are presented in the question.
【参考答案及解析】
SHUSWAP STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 20X4 Cost or Accumulated Carrying valuation depreciation value $'000 $'000 $'000 Assets Non-current assets Land and buildings 12,000 --- 12,000 Plant and equipment (W1) 19,600 7,950 11,650 23,650 Current assets Inventories (3,000 - 140) 2,860 Receivables (2,600 - 200 - 106) 2,294 Cash at bank 1,900 Total assets 30,704 Equity and liabilities Equity Issued share capital (6,000 + 2,000 (part (a))) 8,000 Share premium (part (a)) 2,400 Revaluation surplus (3,000 + 1,000) 4,000 Retained earnings (W2) 12,310 26,710 Non-current liabilities Loan notes (redeemable 20Y0) 2,000 Current liabilities Trade payables (2,100 - 106) 1,994 Total equity and liabilities 30,704 Workings 1 Plant and equipment $'000 Disposal -- Cost 1,400 -- Depreciation (700) -- Carrying amount 700 Proceeds (part (a)) (600) Loss on sale 100 Cost adjustment 21,000 - 1,400 = 19,600 Accumulated depreciation adjustment (9,000 - 700 - (1,400 x 25%)) = 7,950 2 Retained earnings $'000 Per draft 12,400 Irrecoverable debts (200) Inventory write down (500 - 360) (140) Loss on disposal of plant (W1) (100) Depreciation adjustment (1,400 x 25%) (W1) 350 12,310
SHUSWAP STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 20X4 Cost or Accumulated Carrying valuation depreciation value $'000 $'000 $'000 Assets Non-current assets Land and buildings 12,000 --- 12,000 Plant and equipment (W1) 19,600 7,950 11,650 23,650 Current assets Inventories (3,000 - 140) 2,860 Receivables (2,600 - 200 - 106) 2,294 Cash at bank 1,900 Total assets 30,704 Equity and liabilities Equity Issued share capital (6,000 + 2,000 (part (a))) 8,000 Share premium (part (a)) 2,400 Revaluation surplus (3,000 + 1,000) 4,000 Retained earnings (W2) 12,310 26,710 Non-current liabilities Loan notes (redeemable 20Y0) 2,000 Current liabilities Trade payables (2,100 - 106) 1,994 Total equity and liabilities 30,704 Workings 1 Plant and equipment $'000 Disposal -- Cost 1,400 -- Depreciation (700) -- Carrying amount 700 Proceeds (part (a)) (600) Loss on sale 100 Cost adjustment 21,000 - 1,400 = 19,600 Accumulated depreciation adjustment (9,000 - 700 - (1,400 x 25%)) = 7,950 2 Retained earnings $'000 Per draft 12,400 Irrecoverable debts (200) Inventory write down (500 - 360) (140) Loss on disposal of plant (W1) (100) Depreciation adjustment (1,400 x 25%) (W1) 350 12,310