About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:

Algebra,Applied Sciences See all

Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all

Teaching Since:	May 2017
Last Sign in:	431 Weeks Ago, 3 Days Ago
Questions Answered:	66690
Tutorials Posted:	66688

Education

MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011

Experience

Professor
Phoniex University
Oct-2001 - Nov-2016

Category > Management Posted 11 Oct 2017 My Price 10.00

British company

Presented below is the balance sheet for Tomkins plc, a British company.

Tomkins plc

Consolidated Balance Sheet (amounts in £ millions)

Non-current assets
Goodwill	436
Other intangible assets	78
Property, plant and equipment	1,122.80
Investments in associates	20.6
Trade and other receivables	81.1
Deferred tax assets	82.9
Post-employment benefit surpluses	1.3
	1,822.70
Current assets
Inventories	590.8
Trade and other receivables	753
Income tax recoverable	49
Available-for-sale investments	1.2
Cash and cash equivalents	445
	1,839.00
Assets held for sale	11.9
Total assets	3,673.60
Current liabilities
Bank overdrafts	4.8
Bank and other loans	11.2
Obligations under finance leases	1
Trade and other payables	677.6
Income tax liabilities	15.2
Provisions	100.3
	810.1
Non-current liabilities
Bank and other loans	687.3
Obligations under finance leases	3.6
Trade and other payables	27.1
Post-employment benefit obligations	343.5
Deferred tax liabilities	25.3
Income tax liabilities	79.5
Provisions	19.2
	1,185.50
Total liabilities	1,995.60
Net assets	1,678.00
Capital and reserves
Ordinary share capital	79.6
Share premium account	799.2
Own shares	8.2
Capital redemption reserve	921.8
Currency translation reserve	-93
Available-for-sale reserve	-0.9
Accumulated deficit	-161.9
Shareholders’ equity	1,536.60
Minority interests	141.4
Total equity	1,678.00

Instructions

(a) Identify at least three differences in balance sheet reporting between British and U.S. firms, as shown in Tomkins’ balance sheet.

(b) Review Tomkins’ balance sheet and identify how the format of this financial statement provides useful information, as illustrated in the chapter.

Answers

Maurice Tutor

(5)

Status NEW Posted 11 Oct 2017 10:10 PM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)

Buy Answer

Relevent Questions

Hire Dedicated Virtual Team / Business Solution for SMEs.