Page 398 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx
P. 398
Subject F3: Financial Strategy
6 The following information relates to Morse Co:
31 December 20X2 31 December 20X7
No of shares in issue 1,000,000 1,500,000
Total dividend paid $2,500,000 $4,200,000
What is the average annual growth rate in dividend per share over this
period?
A 2.3%
B 2.9%
C 10.9%
D 13.8%
7 Percy Co’s directors are preparing a sustainability report in accordance with the
G4 guidance set out by the Global Reporting Initiative.
Percy Co is a large, listed manufacturing company with 10,000 employees and
operations in 25 countries around the world. However, this will be the first time
that Percy Co has presented a sustainability report.
Which of the following statements is correct?
A Percy Co can choose whether to present core or comprehensive
disclosures.
B Because it is a large listed company, Percy Co has to present
comprehensive disclosures.
C Percy Co can present core disclosures in its first sustainability report, but
because it is a large listed company it has to move to comprehensive
disclosures thereafter.
D Whether Percy Co has to present core or comprehensive disclosures will
be determined by the local laws in the country where Percy Co is listed.
390
