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Pages:
3 pages/≈825 words
Sources:
2 Sources
Level:
MLA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
Document:
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Date:
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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

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

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%

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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