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Consolidated cashflow
03-15-2010, 11:53 PM
Post: #1
Consolidated cashflow
Hi members,
K ltd is an entity incorporated in 1998 to produce models carved from
marbles.In 1999 it acquired a 100% interest in W ltd, a fish importing
entity. In 2003 it acquired a 40% interest in a comptitor,U LTD. On
1 October 2008 it acquired 75% interest in A LTD. It is planning to make
a number of additional acquisitions over the next 3years. The draft con-
solidated accounts for the K LTD GROUP are as follows

Consolidated Income Statement for the year ended 30 Sept 2009

N$'000 N$'000
Profit from operations 1485
Share of profits in associates 495
Income from trade investments 155
Finance Costs -150
Profit before tax 1985
Income tax expenses
Group tax on profit -391
Deferred tax -104
Share of tax associates -145 -640
Profit for the period 1345
Non-controlling interest -100
Group interest 1245

Consolidated Balance Sheet as at 30 September 2009.
2008 2009
N$'000 N$'000 N$'000 N$'000
ASSETS
Non-current assets
Goodwill on consolidation 0 100
Buildings net book value 2200 2075
Machinery
Cost 1400 3000
Aggregate depreciation -1100 300 -1200 1800
2500 3975
Investment in associate 1000 1100
Other long-term investments 410 410

Current assets
Inventories 1000 1975
Trade receivables 1275 1850
Short-term investments 1500 2675
Cash at bank 1080 1890
Cash in hand 10 4865 15 8405
Total assets 8775 13890

EQUITY AND LIABILITIES
Capital and reserves
Called up share capital 2000 3940
(25c shares)
Share premium account 2095 2883
Accumulated profits 2300 3145
6395 9968
Non-contolling interest 0 115

Non-current liabilities
Obligation under finance leases 170 710
Loans 500 1460
Deferred tax 13 683 30 2200
Current Liabilities
Trade payables 480 800
Bank Overdrafts 770 65
Obligation under finance leases200 240
Corporation tax 217 462
Accrued interest & fin charges30 1697 40 1607

Total equity and liability 8775 13890


Summarized Consolidated of changes in Equity
for the year ended 30 September 2009
(in respect of the equity of the parent)
N$'000
Balance at 1October 2008 6395
Profit for the period 1245
Dividends -400
Issue of share capital 2728
Balance at 30 September 2009 9968

Notes to the financial statements
1. Non-current assets
> There had been no acquisitions or disposals of buildings during the year.
> Machinery costing 500000 resulting in a profit of 100000. New machinery
was acquired in 2009 including additions of 850000 acquired under finance
leases.
2. Investments
All current asset investments are readily convertible into cash and are not
subject to significant market price risk.

3. Loans were issued at a discount in 2009 and the carrying amount of the
loans included 40000, representing the finance cost attributed to the
discount and allocated in respect of the current reporting period.

4. Information relating to the acquisition of A ltd.
Net assets at date of acquisition N$'000
Machinery 163
Inventories 32
Trade receiveables 28
Cash at bank 114
Trade payables -68
Income tax payable -17
252
Non-controlling interest(25%) -63
Group share(75%) 189
Goodwill on consolidation 100
Purchase consideration 289

Satisfied by
880 000 shares 275
Cash 14
289

Goodwill on consolidations,except that of A LTD had been found to be
impaired prior to the current financial year and had been fully written off.

A consolidated cash flow statement for the K LTD group for the
year ended 30 September 2009 is requested.
Many thanks
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03-17-2010, 04:06 PM
Post: #2
 
Dear members i need your comments on the above figures
Additions to buildings
Opening 2200 Depreciation 125
Closing 2075
2200 2200

Machinery at cost
Opening 1400
SubsidiaryA 163
BankAdditions 1437 Closing 3000
3000 3000

Investment in Associates
Opening 1000 Share of profits 495
Income of trade in associates
investment 155 Closing 1100
Bank 440
1595 1595

Machinery - Depreciation
Opening 300
Closing 1800 Depreciation 1500
1800 1800

Inventories
Opening 1000
SubsidiaryA 32
CreditorsPurchases 943 Closing 1975
1975 1975

Trade Creditors
BankBalancing figure 691 Opening Bal 480
SubsidA 68
Closing balance 800 Inventories Purc 943
1491 1491

Trade Receivables
Opening 1275
SubA 28
Sales 547 Closing 1850
1850 1850

REGARDS

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by hinanifaf</i>
<br />Hi members,
K ltd is an entity incorporated in 1998 to produce models carved from
marbles.In 1999 it acquired a 100% interest in W ltd, a fish importing
entity. In 2003 it acquired a 40% interest in a comptitor,U LTD. On
1 October 2008 it acquired 75% interest in A LTD. It is planning to make
a number of additional acquisitions over the next 3years. The draft con-
solidated accounts for the K LTD GROUP are as follows

Consolidated Income Statement for the year ended 30 Sept 2009

N$'000 N$'000
Profit from operations 1485
Share of profits in associates 495
Income from trade investments 155
Finance Costs -150
Profit before tax 1985
Income tax expenses
Group tax on profit -391
Deferred tax -104
Share of tax associates -145 -640
Profit for the period 1345
Non-controlling interest -100
Group interest 1245

Consolidated Balance Sheet as at 30 September 2009.
2008 2009
N$'000 N$'000 N$'000 N$'000
ASSETS
Non-current assets
Goodwill on consolidation 0 100
Buildings net book value 2200 2075
Machinery
Cost 1400 3000
Aggregate depreciation -1100 300 -1200 1800
2500 3975
Investment in associate 1000 1100
Other long-term investments 410 410

Current assets
Inventories 1000 1975
Trade receivables 1275 1850
Short-term investments 1500 2675
Cash at bank 1080 1890
Cash in hand 10 4865 15 8405
Total assets 8775 13890

EQUITY AND LIABILITIES
Capital and reserves
Called up share capital 2000 3940
(25c shares)
Share premium account 2095 2883
Accumulated profits 2300 3145
6395 9968
Non-contolling interest 0 115

Non-current liabilities
Obligation under finance leases 170 710
Loans 500 1460
Deferred tax 13 683 30 2200
Current Liabilities
Trade payables 480 800
Bank Overdrafts 770 65
Obligation under finance leases200 240
Corporation tax 217 462
Accrued interest & fin charges30 1697 40 1607

Total equity and liability 8775 13890


Summarized Consolidated of changes in Equity
for the year ended 30 September 2009
(in respect of the equity of the parent)
N$'000
Balance at 1October 2008 6395
Profit for the period 1245
Dividends -400
Issue of share capital 2728
Balance at 30 September 2009 9968

Notes to the financial statements
1. Non-current assets
> There had been no acquisitions or disposals of buildings during the year.
> Machinery costing 500000 resulting in a profit of 100000. New machinery
was acquired in 2009 including additions of 850000 acquired under finance
leases.
2. Investments
All current asset investments are readily convertible into cash and are not
subject to significant market price risk.

3. Loans were issued at a discount in 2009 and the carrying amount of the
loans included 40000, representing the finance cost attributed to the
discount and allocated in respect of the current reporting period.

4. Information relating to the acquisition of A ltd.
Net assets at date of acquisition N$'000
Machinery 163
Inventories 32
Trade receiveables 28
Cash at bank 114
Trade payables -68
Income tax payable -17
252
Non-controlling interest(25%) -63
Group share(75%) 189
Goodwill on consolidation 100
Purchase consideration 289

Satisfied by
880 000 shares 275
Cash 14
289

Goodwill on consolidations,except that of A LTD had been found to be
impaired prior to the current financial year and had been fully written off.

A consolidated cash flow statement for the K LTD group for the
year ended 30 September 2009 is requested.
Many thanks

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
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03-27-2010, 07:44 PM
Post: #3
 
Itne long questions ka reply is forum pe thora mushkil hota hai...

Anyways, if you send question to your friends through email then they may be able to reply you in excel format.
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03-29-2010, 04:09 PM
Post: #4
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Sh.Mohsin</i>
<br />Itne long questions ka reply is forum pe thora mushkil hota hai...

Anyways, if you send question to your friends through email then they may be able to reply you in excel format.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
thora nhn bohat mushkil nhn bohat mushkil hota ha. I think members should point out problem areas in long questions.
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