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illnnLEll no.1 The draft balance sheet bf HenestllI Edi-peraticn as crf December 51, 2mg repbrted the net prcpertm piint and ethiipment at Damped....




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illnnLEll no.1
The draft balance sheet bf HenestllI Edi-peraticn as crf December 51, 2mg repbrted the net prcpertm piint and
ethiipment at Damped. Details cf the aihbuht fellew: Land at ccst P‘l made building at ccst mend]: Less accumulated decrecndcn at mama i am IIIJ] 5:311,de met at test saluted Less accumulated decrectadcn at meme :5 151.1 ppm 2 fl ebb
W The ffiflflfll‘lflg matters are relevant lal lb} ldl' lei The cbmpanir pdllc'ir fur all depreciation B that a full ‘gl'EdI‘S charge is made in the 1.lear bf acqueitlbn cr ccinpletlbn
and nbne In the I"rear bf dlspesal. Included In the sales revenue ls paddmb being the sales proceeds of an item of plant that was said on June an,
able. The punt had cnginaihl ccst paced]: and had been depreciated Dill resume as cf becember as, able
ddier d-lan reccrdind the prcceeds in sales and dads] nc ed-ler aeemntihg endies fer the disposal cf the pnnt
have been made. Ail plant is depreciated at asst per mnum ch the reducing balance basis. an September aid, same, the ebmpanil mmpieted the cdnstruetidn bf a new WEI'ID‘IJSE. The construction was
athieued ushg the ebinpanil's darn resburees as fbilbliis: Purchased materials P‘lfifllmfl
Direct labbr Eileen
super-idsicn BEING
Design and planning ccsts mmu Included in the abeue figures are F1fl,tIII fer irateiais and needed fbr labcr ccsts lhat were effecduehr lest due
tc the fcuhdadcns being tcc cicse tc a neighbenng W. Ail the abcue ccsls are included in cast cf sales.
The building was draught lhtc immediate use upeh ccmpletitn and has an estimated usefiii ll-Fe cf ab lrears
lstraldht-iihe depreciaticm. At the beginning bf the current year, the ccrnpmw had an cpen market basis valinfidn bf lls prepeitles
leitehidlhg the newilr emstriicted Mflflfllfll. lmd was valued at P11 milllbn and the prbpertlr at Pile million.
The dlreettws wish these values td he lmmpbrated mm the financial statemenls. The prdpertits had an
estimated remaining iife of 20 Ilieiirs at the inte bf the valuation istralght-line depreeladdn is used]. The cbmpanil
mate: a transfer td retained earnings m respect cf the elicess depreciation ch revalued assels. Depreciatibh fer the year 2915 has “at 1ll'et been BEDDUhtetl FD“ the in the draft financial statements. fill-5.5mm:
Based m the ell-due and the result OF your audit, drawer the deHJMI'lhg: '1 .
3. The carnilng ameunt cf the new warehcuse as cf becember 51, 21119 is
The Taming amount at cent as cf becember 51,2015 is. The tetai depretiatltln fer the year ended December 51, 3119 B
The revaluafidn surplus as [If December 51, 3.119 ls.


“omen no.3
At the beginning of the current vear. the memorandum records of Anne Eompanfs defined benefit plan showed the
following: Fair value of plan assets P 1.5mm}
Defined benefit obligation r11,nm,mm Prmaidtaocmedl per'Ision expense W The enti determined that its current service cost was 91,000,001] and the interest cost is 1999. The expected return
on plan assets was 12% but the actual return during the year was 996. Either retated information at the end of the
vear: Contribution to the plan madam
Benefits paid to retirees Lilliput:
Decrease in defined benefit obligation due to changes in actuarial assumptions zoom 11. t‘almlate the amount that the entitv would recognize in profit or loss for the vear in accordance with the revised
PAS 19 12. t‘almlate the net amount that the Ef'ltit‘f would recognize in on for the urea" in accordance with the revised PAS
19 1!. Calculate the amount to be recognized in the statement of financial position at the end of the current vear in
accordance with the revised PAS 19 1d. The fair value of plan amets at the end of the current veer is
15. The defined benefit obligation at the end of the current year is.

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