Page 363 - F1 Integrated Workbook STUDENT 2018

Assoociates

Exxampple 1

Below are thee statemennts of financial positioon of three companiees as at
31 Decemberr 20X0.
Tom Jamess Emmily
$000 $000 $0000
Non-current assets
Prooperty, plannt & equipmment 959 9800 8 840
Inveestments
6300,000 shares in Jamees 805 –– –
1688,000 shares in Emilyy 224 –– –
––––– ––––– ––––––
1,988 9800 8 840
Cur rrent asseets
Inveentory 380 6400 1 190
Recceivables 190 3100 1 100
Cassh and cassh equivaleents 35 588 46
––––– –––––– ––––––
605 1,0088 3 336
––––– –––––– ––––––
2,593 1,9888 1,1176
––––– –––––– ––––––
Equuity
Shaare Capital $1 1,120 8400 5 560
Rettained earnnings 1,232 602 2 4 448
––––– –––––– ––––––
2,352 1,4422 1,0008
Currrent liabilities
Traade payables 150 480 0 1 136
Taxxation 91 666 32
––––– –––––– ––––––
241 5466 1 168
––––– –––––– ––––––
2,593 1,9888 1,1176
––––– –––––– ––––––

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