The financial statements of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the financial statements for Eastern Platinum Limited (Eastplats) in Appendix A Instructions (a) Compare the statements of financial positions of the two companies Which one tends to make mo...

a Amplats appears to make more investments in associates It reports losses from its associates on its income statement Eastplats tends to invest more ...

The financial statements of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the financial

Question:

The of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the for Eastern Platinum Limited (Eastplats) in Appendix A.
Instructions
(a) Compare the statements of financial positions of the two companies. Which one tends to make more investments in associates? Which one tends to make more short-term investments? What is the most likely reason for this?
(b) Compare the statements of cash flows of the two companies. Did either company receive dividends from its investees? How did each company show the interest received on its investments?
(c) On Amplats's statement of cash flows, what is the largest item that caused a cash inflow relating to investments? Do you think that this item related to a significantly influenced investment?
(d) Compare the income statements of the two companies. Which one records the most income (losses) from its associates?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...