Loss on measurement to fair value of disposal group Tax relief on disposal group Profit/ (loss)...

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Loss on measurement to fair value of disposal group Tax relief on disposal group Profit/ (loss) from discontinued operations Statement of financial position Non-current assets 17,600 Current assets Inventory Trade receivables Bank Assets held for sale (at fair value) 3,700 Total assets 21,300 Equity and liabilities Equity shares of $1 each 10,000 Retained earnings 12,500 Non-current liabilities 5% loan notes 5,000 Current liabilities Bank overdraft Trade payables Current tax payable 3,800 Total equity and liabilities 21,300 (500) 100 1,500 2016 $'000 $'000 $'000 1,500 2,000 17,500 6,000 9,500 950 27,000 10,000 4,500 2,500 8,000 1,150 - 2,400 4,500 27,000 320 2015 $'000 1,350 2,300 - 50 14,500 2,800 1,000 Note: The carrying amount of the assets of the discontinued operation at 31 March 2015 was $6.30 million. Required: Analyse the financial performance and position of Kugreenwood for the two years ended 31 March 2016. Loss on measurement to fair value of disposal group Tax relief on disposal group Profit/ (loss) from discontinued operations Statement of financial position Non-current assets 17,600 Current assets Inventory Trade receivables Bank Assets held for sale (at fair value) 3,700 Total assets 21,300 Equity and liabilities Equity shares of $1 each 10,000 Retained earnings 12,500 Non-current liabilities 5% loan notes 5,000 Current liabilities Bank overdraft Trade payables Current tax payable 3,800 Total equity and liabilities 21,300 (500) 100 1,500 2016 $'000 $'000 $'000 1,500 2,000 17,500 6,000 9,500 950 27,000 10,000 4,500 2,500 8,000 1,150 - 2,400 4,500 27,000 320 2015 $'000 1,350 2,300 - 50 14,500 2,800 1,000 Note: The carrying amount of the assets of the discontinued operation at 31 March 2015 was $6.30 million. Required: Analyse the financial performance and position of Kugreenwood for the two years ended 31 March 2016.

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To analyze the financial performance and position of Kugreenwood for the two years ended 31 March 20... View the full answer