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Essay Available:
Pages:
3 pages/≈825 words
Sources:
2 Sources
Level:
MLA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
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%

...
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