B407F week 11 (student)-1

B407F week 11 (student)-1 - B407F Week 11 Consolidated...

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B407F Week 11 – Consolidated statement of cash flows Illustration 1 Carver Limited is a listed company incorporated in 1958 to produce models carved from wood. In 1989 it acquired a 100% interest in a wood importing company, Olio Ltd; in 2004 it acquired a 40% interest in a competitor, Multi-products Ltd; and on 1 January 2008, it acquired a 75% interest in Good Display Ltd. It is planning to make a number of additional acquisitions during the next three years. Drafted Consolidated Statement of Financial Position as at 31 December 2008: 2008 2007 $’000 $’000 $’000 $’000 ASSETS Non-current assets Land 2,075 2,075 Machinery: Cost 3,000 1,400 Aggregate depreciation (1,200) 1,800 (1,100 ) 300 Goodwill 110 210 Investment in associated company 1,100 1,000 5,085 3,585 Current assets Inventories 1,975 1,125 Accounts receivables 1,850 1,275 Cash and cash equivalents 4,515 8,340 1,820 4,220 Total assets 13,425 7,805 EQUITY AND LIABILITIES Equity attributable to equity holders of the parent Ordinary shares @$0.25 each 3,940 2,000 Share premium account 2,883 2,095 Retained earnings 3,045 2,300 9,868 6,395 NCI 115 - Total equity 9,983 6,395 Non-current liabilities Loan 2,410 870 Total non-current liabilities 2,410 870 Current liabilities Accounts payables 500 280 Tax Payable 492 230
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Accrued interest 40 30 Total current liabilities 1,032
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B407F week 11 (student)-1 - B407F Week 11 Consolidated...

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