Advanced Financial Accounting

b15160284_110309ass2_hyun_ki_lee.xls

NZL Group


NZL Group
Consolidated Financial Statements
Profit and Loss - year ended 31 March 2016	$		Marks for correct answer
Sales revenue			2
Other income			2
Cost of Sales			2
Other expenses			1
Goodwill impairment expense			2
Income before tax			1
Income tax expense			1
Consolidated Net income			1
Non-controlling share of income			3
Controling interest			2
Dividends declared			1
Retained earnings (31 March 2015)			1
Retained earnings (31 March 2016)			1
Balance Sheet - 31 March 2016
Shareholders Equity
Retained earnings			1
Share Capital			2
Non-controling interests			4
Total equity			1
Liabilities
Non-current liabilities
Loans			1
Current liabilities
Accounts payable			1
Dividends payable			1
Total liabilities			1
Total liabilities and equity			1
Assets
Non-current assets
Land			1
Property Plant and Equipment			3
Accumulated Depreciation - Property Plant and Equipment			2
Goodwill			3
Total non-current assets			1
Current assets
Cash			1
Accounts receivable			1
Inventory			3
Total current assets			1
Total assets			1
		Total	50

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