While reviewing the statement of financial position for Lozza Ltd. you notice that the structure and format is quite poor:

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Student work here ASSETS Current assets Cash and cash equivalents Trade and other receivables Inventories Other Current Assets Total current assets Non-current assets Available for sale investments Other financial assets Property plant and equipment Goodwill Lozza Ltd Statement of Financial Position for the year ended 30 June 2022 Notes Other intangibles Other non-current assets Total non-current assets Total assets LIABILITIES Current liabilities Other Current liabilities Total current liabilities Non-current liabilities Defered tax liabilities Total non-current liabilities Total liabilities NET ASSETS EQUITY Share capital Reserves Retained Earnings Total Equity 1 2 WN 3 st 4 56700 og 9 10 11 12 $ $ Student work here ASSETS Current assets Cash and cash equivalents Trade and other receivables Inventories Other Current Assets Total current assets Non-current assets Available for sale investments Other financial assets Property plant and equipment Goodwill Lozza Ltd Statement of Financial Position for the year ended 30 June 2022 Notes Other intangibles Other non-current assets Total non-current assets Total assets LIABILITIES Current liabilities Other Current liabilities Total current liabilities Non-current liabilities Defered tax liabilities Total non-current liabilities Total liabilities NET ASSETS EQUITY Share capital Reserves Retained Earnings Total Equity 1 2 WN 3 st 4 56700 og 9 10 11 12 $ $

Answer rating: 100% (QA)

Based on the presented data it appears that there are two separate sets of Lozza Ltds financial statements for the year ended 30 June 2022 and 30 June ... View the full answer