By how much did property, plant and equipment (PPE) change in 2015? 1.2 How much depreciation is
Question:
By how much did property, plant and equipment (PPE) change in 2015?
1.2 How much depreciation is attributable to 2015?
1.3 What is the change in inventories?
1.4 What is the change in trade receivables?
1.5 Obligations to suppliers changed by how much?
Statement of financial position
Assets 2015 2014
Property, plant and equipment (PPE) at cost price 150 000 130 000
Accumulated depreciation (50 000) (45 000)
PPE at carrying value 100 000 85 000
Share investments 20 000 15 000
Non-current assets 120 000 100 000
Inventories 10 000 6 500
Trade receivables 14 000 15 500
Cash and cash equivalents 15 400 7 000
Prepayments 600 1 000
Current assets 40 000 30 000
Total assets 160 000 130 000
Equity and liabilities
Share capital 45 000 40 000
Reserves 6 000 6 000
Retained earnings 22 000 14 000
Ordinary shareholders' equity 73 000 60 000
Preference shares 15 000 10 000
Shareholders' equity 88 000 70 000
Total equity 88 000 70 000
Long-term debt 49 000 40 000
Expert Answer:
The change in Property Plant and Equipment PPE in 2015 can be calculated as follows Change in PPE PP... View the full answer
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
