FAC3704 ECP ASSIGNMENT 2 – SEMESTER 1
OF 2021
(a) Ted Ltd Group`s Consolidated Statement of Financial Position (Asset Section)
as at 31 March 2020
R
ASSETS
NON – CURRENT ASSETS 1 704 346
Property, plant & equipment [445 500 + 283 500 − 115 500 −
(34 000−30 000) 9
73 500 − (34 000 − 30 000) + ∗ 12] 537 500
2
Investment in associate (C1) 40 670
Investment in joint venture (C3) 901 876
Investments in equity instruments 150 000
Goodwill (C2) 74 300
CURRENT ASSETS 986 744
Inventory [221 000 + 95 250 − (20 000 ∗ 20% ∗ 35%)] 314 850
Trade & other receivables (135 000 + 296 900) 431 900
Cash & cash equivalents (23 070 + 216 924) 239 994
TOTAL ASSETS 2 691 090
(b) Consolidated Statement of Changes in Equity (Non – Controlling Interest) of
Ted Ltd Group
R
Balance at beginning of year (C2) (70 000 + 22 898) 92 898
Total comprehensive income (C2) 61 913
Ordinary dividends (C2) (2 000)
Balance at beginning of year 152 811
OF 2021
(a) Ted Ltd Group`s Consolidated Statement of Financial Position (Asset Section)
as at 31 March 2020
R
ASSETS
NON – CURRENT ASSETS 1 704 346
Property, plant & equipment [445 500 + 283 500 − 115 500 −
(34 000−30 000) 9
73 500 − (34 000 − 30 000) + ∗ 12] 537 500
2
Investment in associate (C1) 40 670
Investment in joint venture (C3) 901 876
Investments in equity instruments 150 000
Goodwill (C2) 74 300
CURRENT ASSETS 986 744
Inventory [221 000 + 95 250 − (20 000 ∗ 20% ∗ 35%)] 314 850
Trade & other receivables (135 000 + 296 900) 431 900
Cash & cash equivalents (23 070 + 216 924) 239 994
TOTAL ASSETS 2 691 090
(b) Consolidated Statement of Changes in Equity (Non – Controlling Interest) of
Ted Ltd Group
R
Balance at beginning of year (C2) (70 000 + 22 898) 92 898
Total comprehensive income (C2) 61 913
Ordinary dividends (C2) (2 000)
Balance at beginning of year 152 811
