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    Polytechnic State University Sanluis
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    Polytechnic State University
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Category > Accounting Posted 24 May 2017 My Price 7.00

Presented below is the balance sheet for Tomkins plc, a 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

Alpha Geek
(8)
Status NEW Posted 24 May 2017 06:05 AM My Price 7.00

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file 1495606785-Answer.docx preview (311 words )
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