Balance sheet 31. Dezember (in EURO) Assets shareholders equity and liabilities intangible Assets paid in capital Tangible
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Balance sheet 31. Dezember (in EURO) | |||
Assets | shareholders equity and liabilities | ||
intangible Assets | paid in capital | ||
Tangible Assets | capital surplus | ||
Investments | other reserves | 21 040 | |
Total Fixed Assets | 0 | retained earnings | |
Intentories | 2 820 | net profit for the year | |
Receivables | total shareholders equity | 21 040 | |
Temporary Intvestents | long-term liabilities | ||
Cash | 76 800 | current liabilities | |
prepaid expenses and Accrued revenues | 4 980 | accrued expenses and unearned revenues | |
Total current assets | 84 600 | total liabilities | 0 |
Total Assets | 84 600 | total shareholders equity and liabilities. | 21 040 |
The initial cost of intangible assets was 85 000 EURO, their accumulated depreciation | |||
is 35 600 EURO, the current year’s depreciation is 9 780 EURO. | |||
The total initial cost of tangible assets was 860 000 EURO. Their residual value is | |||
100 000 EURO, their useful life is 40 years. The depreciation is calculated using the | |||
straight-line method. The average age of these assets is 9 years. | |||
Among investments, shares and bonds can be found that have originally been | |||
purchased for long-term investment. Their total value is 85 000 EURO. However, a | |||
part of the bonds (8 000 EURO) will mature in the next financial year. | |||
The firm’s receivables include accounts receivable originating from the sale of | |||
finished products on credit. The amount sold was 1 000 units, the selling price was 25 | |||
EURO per unit. | |||
The company’s capital consists of 30 000 units of common shares with a par value of | |||
10 EURO/unit. The firm issued these shares at an issue price of 11 EURO/unit. | |||
Retained earnings contain the accumulated profits of the previous financial years, | |||
altogether 11 300 EURO. | |||
The current year’s net profit was a loss, 37 540 EURO. | |||
Among liabilities, there is a long-term bank loan of 80 000 EURO, which was | |||
received by the company in the current year. The term of the loan is 5 years, the | |||
repayment of the capital will be done once a year in equal instalments (the first | |||
instalment will fall due in the next financial year). In addition, the firm has accounts | |||
and notes payable in the value of 112 000 EURO. | |||
Required: Make the necessary calculations and complete the balance sheet. |
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
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