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3 pages/≈825 words
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Level:
MLA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
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Date:
Total cost:
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Topic:
Accounting Calculations On A Balance Sheet Of A Company (Math Problem Sample)
Instructions:
Accounting Calculations On A Balance Sheet Of A Company
source..Content:
STUDENT’S NAME
COURSE NUMBER
PROFESSOR’S NAME
DATE OF THE PAPER
2)
Vertical analysis Comparison of HomeServe Co. Balance Sheet.
HomeServe Co.
Balance sheet
31st December, 2017
2017
2016
Amount(£Million)
Amount(£Million)
Non-Current Assets
Other intangible assets
4.8
0.84%
3.3
0.66%
Property, plant and equipment.
0.3
0.05%
0.2
0.04%
Investment in subsidiaries
194.6
33.99%
194.6
39.23%
Deferred tax assets
0.8
0.14%
1.1
0.22%
Retirement benefits
0.7
0.12%
2.1
0.42%
201.2
201.3
Current Assets
Trade and other receivables
371.3
64.86%
232.7
46.91%
Cash and cash equivalents
-
0%
62.1
12.52%
371.3
294.8
Total Assets
572.5
100%
496.1
100%s
Non-Current Liabilities
Bank and other loans
268.2
82.22%
194.4
78.26%
268.2
194.4
Current Liabilities
Trade and other payables
12.5
3.83%
22.9
9.22%
Current tax liabilities
5.4
1.66%
6.1
2.46%
Bank and other loans
40.1
12.29%
25.0
10.06%
58.0
54.0
Total liabilities.
326.2
100%
248.4
100%
Equity
Share Capital
8.4
3.41%
8.3
3.36%
Share premium account
45.7
18.55%
41.1
16.59%
Merger reserve
71.0
28.83%
71.0
28.66%
Share incentive reserve
16.2
6.58%
13.9
5.61%
Capital redemption reserve
1.2
0.49%
1.2
0.48%
Retained earnings
103.8
42.14%
112.2
45.30%
Total Equity
246.3
100%
247.7
100%
Total Equity and liabilities
572.5
496.1
Plant, property, and equipment account increased from 0.04% to 0.05%, this could be as a result of revaluation of fixed assets or new acquisitions. Deferred tax asset account decreased from 0.22% to 0.14%, this might have been as a result of an increase in income tax expense for the year 2017 compared to 2016. There was a decline noted in Investments in subsidiaries accounted from 39.23% in 2016 to 33.99% in 2017, this could be as a result of decreasing non-controlling interests which can evidently be observed in the increase of Merger reserve account. We also note a slight increase in Share Capital from 3.36% to 3.41% for 2016 and 2017 respectively. This could be attributed to an increase in the share price.
Cash and cash equivalents account declined from 12.52% in 2016 to 0% in 2017. This could have been caused by increase in Trade and other payables as noted above.
3)
Pablo should not have prepared the balance sheet in the manner as described in the text.
The recording of amounts in ...
COURSE NUMBER
PROFESSOR’S NAME
DATE OF THE PAPER
2)
Vertical analysis Comparison of HomeServe Co. Balance Sheet.
HomeServe Co.
Balance sheet
31st December, 2017
2017
2016
Amount(£Million)
Amount(£Million)
Non-Current Assets
Other intangible assets
4.8
0.84%
3.3
0.66%
Property, plant and equipment.
0.3
0.05%
0.2
0.04%
Investment in subsidiaries
194.6
33.99%
194.6
39.23%
Deferred tax assets
0.8
0.14%
1.1
0.22%
Retirement benefits
0.7
0.12%
2.1
0.42%
201.2
201.3
Current Assets
Trade and other receivables
371.3
64.86%
232.7
46.91%
Cash and cash equivalents
-
0%
62.1
12.52%
371.3
294.8
Total Assets
572.5
100%
496.1
100%s
Non-Current Liabilities
Bank and other loans
268.2
82.22%
194.4
78.26%
268.2
194.4
Current Liabilities
Trade and other payables
12.5
3.83%
22.9
9.22%
Current tax liabilities
5.4
1.66%
6.1
2.46%
Bank and other loans
40.1
12.29%
25.0
10.06%
58.0
54.0
Total liabilities.
326.2
100%
248.4
100%
Equity
Share Capital
8.4
3.41%
8.3
3.36%
Share premium account
45.7
18.55%
41.1
16.59%
Merger reserve
71.0
28.83%
71.0
28.66%
Share incentive reserve
16.2
6.58%
13.9
5.61%
Capital redemption reserve
1.2
0.49%
1.2
0.48%
Retained earnings
103.8
42.14%
112.2
45.30%
Total Equity
246.3
100%
247.7
100%
Total Equity and liabilities
572.5
496.1
Plant, property, and equipment account increased from 0.04% to 0.05%, this could be as a result of revaluation of fixed assets or new acquisitions. Deferred tax asset account decreased from 0.22% to 0.14%, this might have been as a result of an increase in income tax expense for the year 2017 compared to 2016. There was a decline noted in Investments in subsidiaries accounted from 39.23% in 2016 to 33.99% in 2017, this could be as a result of decreasing non-controlling interests which can evidently be observed in the increase of Merger reserve account. We also note a slight increase in Share Capital from 3.36% to 3.41% for 2016 and 2017 respectively. This could be attributed to an increase in the share price.
Cash and cash equivalents account declined from 12.52% in 2016 to 0% in 2017. This could have been caused by increase in Trade and other payables as noted above.
3)
Pablo should not have prepared the balance sheet in the manner as described in the text.
The recording of amounts in ...
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