Use the company’s financial statements and notes to the financial statements to answer the following questions.

a. What were the total cost and book value of property, plant, and equipment at the end of the selected year?

b. What method or methods of depreciation are used by your selected company for financial reporting purposes?

c. Make depreciation schedules by using all depreciation methods used by your company, using the financial report.

d. What was the amount of depreciation and amortization expense for the 5 years?

e. Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased (capital expenditures) in the financial report?

f. Explain how your selected company accounted for its intangible assets in the financial year.

  
 
 
 
 

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F 06 ICI Pakistan Limited Annual Report 2019-20 Unconsolidated Statement of Financial Position As at June 30, 2020 Amounts in PKR '000 June 30, June 30, Note 2020 2019 ASSETS Non-current assets 20,329,199 Property, plant and equipment Intangible assets Right-of-use assets 19,521,939 1,689,611 318,278 931,806 8. 21,529,828 21,261,005 Long-term investments Long-term loans Long-term deposits and prepayments 9. 3,186,776 3,913,076 10 510,683 37,885 434,114 11 39,231 4,386,421 3,735,344 25,265,172 25,647,426 Current assets Stores, spares and consumables Stock-in-trade 12 988,580 984,992 13 9,327,845 2,288,996 9,841,165 2,388,029 Trade debts 14 Loans and advances 15 595,180 408,056 559,563 278,987 Trade deposits and short-term prepayments 16 Other receivables 17 1,013,061 1,990,113 1,647,518 2,637,613 Taxation - net Cash and bank balances 18 246,383 16,858,214 237,374 18,575,241 Total assets 42,123,386 44,222,667 O78 F 06 ICI Pakistan Limited Annual Report 2019-20 Unconsolidated Statement of Financial Position As at June 30, 2020 Amounts in PKR '000 June 30, June 30, Note 2020 2019 ASSETS Non-current assets 20,329,199 Property, plant and equipment Intangible assets Right-of-use assets 19,521,939 1,689,611 318,278 931,806 8. 21,529,828 21,261,005 Long-term investments Long-term loans Long-term deposits and prepayments 9. 3,186,776 3,913,076 10 510,683 37,885 434,114 11 39,231 4,386,421 3,735,344 25,265,172 25,647,426 Current assets Stores, spares and consumables Stock-in-trade 12 988,580 984,992 13 9,327,845 2,288,996 9,841,165 2,388,029 Trade debts 14 Loans and advances 15 595,180 408,056 559,563 278,987 Trade deposits and short-term prepayments 16 Other receivables 17 1,013,061 1,990,113 1,647,518 2,637,613 Taxation - net Cash and bank balances 18 246,383 16,858,214 237,374 18,575,241 Total assets 42,123,386 44,222,667 O78

Answer rating: 100% (QA)

1 Total cost of Property Plant equipment as at September 272014 was 39015 millions The total book va... View the full answer