PRACTICE KIT

CFAP 1: ADVANCED ACCOUNTING AND FINANCIAL REPORTING

CHAPTER 20: CONSOLIDATION CASH FLOWS

Total equity 1,112 1,122

Non-current liabilities
Long-term borrowings 20 64
Deferred tax 28 26
Retirement benefit obligation 100 96
Total non-current liabilities 148 186
Current liabilities:
Trade payables 115 180
Current tax payable 35 42
Short-term provisions 5 4
Total current liabilities 155 226
Total liabilities 303 412
Total equity and liabilities 1,415 1,534

WARRBURT GROUP
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR
ENDED 30 NOVEMBER 20X8
$
Revenue 910
Cost of sales (886)
Gross profit 24
Other income 7
Distribution costs (40)
Administrative expenses (35)
Finance costs (9)
Share of profit of associate 6
Loss before tax (47)
Income tax expense (29)
Loss for the year (76)

Other comprehensive income for the year (after tax, not reclassified to P/L)
Investment in equity instruments (IEI) 27
Gains on property revaluation 2
Remeasurement losses on defined benefit plan (4)
Other comprehensive income for the year (after tax) 25
Total comprehensive income for the year (51)
Profit/(loss) attributable to:
Owners of the parent (74)
Non-controlling interest (2)
(76)
Total comprehensive income attributable to:
Owners of the parent (49)
Non-controlling interest (2)
(51)

From the desk of Hassnain R. Badami, ACA

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