TABLE OF CONTENTS | $000 | $000 | ||
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment | (12,000 + 12,200 + 5,400 - 300 | ||
| + 4,000 - 1,000) | 32,300 | ||
| Goodwill (WI) | (1,800 - 300) | 1,500 | |
| 33,800 | |||
| Current assets | |||
| Inventories | (11,250 - (3,000 20/120 1/2)) | 11,000 | |
| Trade accounts receivables | (3,600 + 2,300 - 700) | 5,200 | |
| Cash and bank | 150 | ||
| 16,350 | |||
| Total assets | 50,150 | ||
| Equity and liabilities | |||
| Ordinary shares of 25 cents each | 5,000 | ||
| Reserves | |||
| Accumulated profits (W2) | 25,850 | ||
| 30,850 | |||
| Minority interests (W3) | 2,400 | ||
| Non-current liabilities | |||
| 12% Loan notes | (nil + 6,000 + 600 - 200 interest) | 6,400 | |
| Current liabilities | |||
| Trade accounts payable | (6,250 + 3,700 - 700) | 9,250 | |
| Bank overdraft | (nil + 1,250) | 1,250 | 10,500 |
| Total equity and liabilities | 50,150 |
| $000 | $000 | ||||
|---|---|---|---|---|---|
| Investment in Sandham | 8,850 | Ordinary shares | 1,500 | ||
| Revaluation loan (600 75%) | 450 | Cost of control (75% 4,000) | 3,000 | ||
| Revaluation plant (75% 4,000) | 3,000 | ||||
| Goodwill | 1,800 | ||||
| 9,300 | 9,300 | ||||
Goodwill of $1,800 is depreciated over 6 years = $300 per annum.
| $000 | $000 | ||
|---|---|---|---|
| Depreciation inv. |
