题目内容
(a) The following information relates to the draft financial statements of Mocha.
Summarised statements of financial position as at 30 September:
Summarised income statements for the years ended 30 September:
The following additional information is available:
(i) Property, plant and equipment:
The property disposed of was sold for $8·1 million.
(ii) Investments/investment income:
During the year an investment that had a carrying amount of $3 million was sold for $3·4 million. No investments were purchased during the year.
Investment income consists of:
(iii) On 1 April 2011 there was a bonus issue of shares that was funded from the share premium and some of the revaluation reserve. This was followed on 30 April 2011 by an issue of shares for cash at par.
(iv) The movement in the product warranty provision has been included in cost of sales.
Required:
Prepare a statement of cash flows for Mocha for the year ended 30 September 2011, in accordance with IAS 7 Statement of cash flows, using the indirect method. (19 marks)
(b) Shareholders can often be confused when trying to evaluate the information provided to them by a company’s financial statements, particularly when comparing accruals-based information in the income statement and the statement of financial position with that in the statement of cash flows.
Required: In the two areas stated below, illustrate, by reference to the information in the question and your answer to (a), how information in a statement of cash flows may give a different perspective of events than that given by accruals-based financial statements:
(i) operating performance; and
(ii) investment in property, plant and equipment.
The following mark allocation is provided as guidance for this requirement:
(i) 3 marks
(ii) 3 marks
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The following trial balance relates to Keystone at 30 September 2011:
The following notes are relevant:
(i) Revenue includes goods sold and despatched in September 2011 on a 30-day right of return basis. Their selling price was $2·4 million and they were sold at a gross profit margin of 25%. Keystone is uncertain as to whether any of these goods will be returned within the 30-day period.
(ii) Non-current assets:
During the year Keystone manufactured an item of plant for its own use. The direct materials and labour were $3 million and $4 million respectively. Production overheads are 75% of direct labour cost and Keystone determines the final selling price for goods by adding a mark-up on total cost of 40%. These manufacturing costs are included in the relevant expense items in the trial balance. The plant was completed and put into immediate use on 1 April 2011.
All plant and equipment is depreciated at 20% per annum using the reducing balance method with time apportionment in the year of acquisition.
The directors decided to revalue the leased property in line with recent increases in market values. On 1 October 2010 an independent surveyor valued the leased property at $48 million, which the directors have accepted. The leased property was being amortised over an original life of 20 years which has not changed. Keystone does not make a transfer to retained earnings in respect of excess amortisation. The revaluation gain will create a deferred tax liability (see note (vi)).
All depreciation and amortisation is charged to cost of sales. No depreciation or amortisation has yet been charged on any non-current asset for the year ended 30 September 2011.
(iii) On 15 August 2011, Keystone’s share price stood at $2·40 per share. On this date Keystone paid a dividend (included in administrative expenses) that was calculated to give a dividend yield of 4%.
(iv) The inventory on Keystone’s premises at 30 September 2011 was counted and valued at cost of $54·8 million.
(v) The equity investments had a fair value of $17·4 million on 30 September 2011. There were no purchases or disposals of any of these investments during the year. Keystone has not made the election in accordance with IFRS 9 Financial Instruments. Keystone adopts this standard when accounting for its financial assets.
(vi) A provision for income tax for the year ended 30 September 2011 of $24·3 million is required. At 30 September 2011, the tax base of Keystone’s net assets was $15 million less than their carrying amounts. This excludes the effects of the revaluation of the leased property. The income tax rate of Keystone is 30%.
Required:
(a) Prepare the statement of comprehensive income for Keystone for the year ended 30 September 2011.
(b) Prepare the statement of financial position for Keystone as at 30 September 2011.
Notes to the financial statements are not required.
A statement of changes in equity is not required.
The following mark allocation is provided as guidance for this question:
(a) 15 marks
(b) 10 marks
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《海牙公约》确定缔约国对空中劫持罪的管辖权采用的方法是（）
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