ACCOUNTING ASSIGNMENT

Accounting Assignment

Accounting Assignment

Introduction

The main purpose of this paper is to make an analysis of the cash flow statement and the Balance Sheet of Batch Company.

Discussion

All figures in £ millions

Notes

2007

2006

Cash flows from functioning activities

Net (loss)/profit

(43)

78

Adjustments for:

Income tax

(67)

(67)

Net finance costs

183

63

Other liabilities

(1)

16

Amounts due from subsidiaries

(499)

(115)

Profit on sale of subsidiaries

(32)

-

Aclimb on written down in investments in subsidiaries

-

20

Net money utilised in operations

(459)

(5)

Interest paid

(247)

(175)

Tax received

99

55

Net money utilised in functioning activities

(607)

(125)

Cash flows from investing activities

Acquisition of subsidiaries, snare of money acquired

(46)

(120)

Disposal of subsidiaries, snare of money disposed

913

-

Interest received

5

15

Net money generated/(used in) from buying into activities

872

(105)

Cash flows from financing activities

Proceeds from topic of ordinary shares

7

12

11

Net (investment in)/Group assistance to purchase of treasury shares

(33)

6

Proceeds from borrowings

347

-

Repayment of borrowings

(391)

(12)

Dividends paid to Company's shareholders

(238)

(220)

Net money utilised in financing activities

(303)

(215)

Effects of exchange rate alterations on money and money equivalents

1

(10)

Net decline in money and money equivalents

(37)

(455)

Cash and cash equivalents at starting of year

(183)

272

Cash and cash equivalents at end of year

4

(220)

(183)

Income Statement

Period Ending

Dec 31, 2009

Dec 31, 2008

Dec 31, 2007

 

Total Revenue

356,478  

534,942  

462,378  

 

Cost of Revenue

320,111  

399,197  

357,844  

 

 

Gross Profit

36,367  

135,745  

104,534  

 

 

Operating Expenses

 

Research Development

7,431  

11,049  

12,011  

 

Selling General and Administrative

43,735  

49,005  

44,003  

 

Non Recurring

-  

-  

-  

 

Others

-  

-  

-  

 

Total Operating Expenses

-  

-  

-  

 

 

 

Operating Income or Loss

(14,799)

75,691  

48,520  

 

 

Income from Continuing Operations

 

Total Other Income/Expenses Net

(915)

988  

(1,731)

 

Earnings Before Interest And Taxes

(15,714)

76,679  

46,789  

 

Interest Expense

1,891  

4,503  

4,324  

 

Income Before Tax

(17,605)

72,176  

42,465  

 

Income Tax Expense

(12,340)

19,270  

10,163  

 

Minority Interest

-  

-  

-  

 

Net earnings From extending Ops

(5,265)

52,906  

32,302  

 

 

Non-recurring Events

 

Discontinued Operations

-  

-  

-  

 

Extraordinary Items

-  

-  

-  

 

Effect Of Accounting Changes

-  

-  

-  

 

Other Items

-  

-  

-  

 

 

 

Net Income

(5,265)

52,906  

32,302  

 

Pmentioned supply And Other Adjustments

-  

-  

-  

 

 

Net earnings Applicable To widespread Shares

($5,265)

$52,906  

$32,302  

 

Balance Sheet

All allowances in millions except per share allowances.

12/2009(TTM)

12/2008(TTM)

12/2007(TTM)

12/2006(TTM)

Assets

Cash and Equivalents

39.93

20.62

23.07

14.92

Restricted Cash

0.00

0.00

0.00

0.00

Marketable Securities

0.00

0.00

0.00

0.00

Accounts Receivable

53.97

97.75

87.90

80.45

Loans Receivable

0.00

0.00

0.00

0.00

Other Receivable

0.00

0.00

0.00

0.00

Receivables

53.97

97.75

87.90

80.45

Raw Materials

34.06

26.05

63.53

44.13

Work In Progress

2.33

2.65

11.50

15.44

Purchased Components

0.00

0.00

0.00

0.00

Finished Goods

37.96

66.50

42.40

25.87

Other Inventories

0.00

0.00

0.00

0.00

Inventories -Adj Allowances

0.00

0.00

0.00

0.00

Inventories

74.34

95.19

117.43

85.44

Prepaid Expenses

29.63

19.69

12.79

7.06

Current Deferred Income Taxes

13.84

10.92

12.00

11.06

Other Current Assets

0.00

0.00

0.00

0.00

Total Current Assets

211.70

244.16

253.19

198.92

Gross repaired Assets (Plant, Prop. & Equip.)

305.27

321.38

268.37

210.29

Accumulated Depreciation & Depletion

122.24

112.36

98.56

77.95

Net Fixed Assets

183.03

209.02

169.81

132.34

Intangibles

5.45

7.55

10.21

9.38

Cost in Excess

29.39

28.75

29.83

16.60

Non-Current Deferred Income Taxes

12.99

10.44

13.64

14.91

Other Non-Current Assets

0.00

0.00

0.00

0.00

Total Non Current Assets

230.86

255.75

223.49

173.23

Total Assets

442.56

499.92

476.67

372.16

Liabilities

Accounts Payable

15.99

38.95

49.72

27.84

Notes Payable

0.00

0.00

0.00

0.00

Short Term Debt

0.00

10.17

9.99

9.99

Accrued Expenses

0.00

0.00

0.00

0.00

Accrued Liabilities

27.08

23.31

21.24

45.41

Deferred Revenues

14.01

16.64

9.83

0.00

Current Deferred Income Taxes

0.00

0.00

0.00

0.00

Other Current Liabilities

2.25

11.38

0.00

3.78

Total Current Liabilities

59.33

100.45

90.78

87.02

Long Term Debt

8.60

39.40

70.80

34.51

Capital Lease Obligations

0.00

0.00

0.00

0.00

Deferred Income Taxes

12.47

8.20

10.19

11.20

Other Non-Current Liabilities

0.00

0.00

0.00

0.00

Minority Interest

0.00

0.00

0.00

0.00

Pmentioned Securities of Subsidiary Trust

0.00

0.00

0.00

0.00

Pmentioned Equity out-of-doors supply Equity

0.00

0.00

0.00

0.00

Total Non-Current Liabilities

21.07

47.60

80.99

45.71

Total Liabilities

80.40

148.04

171.77

132.73

Stockholder's Equity

Preferred Stock Equity

0.00

0.00

0.00

0.00

Common Stock Equity

362.16

351.87

304.91

239.43

Common Par

0.00

0.00

0.00

0.00

Additional Paid In Capital

189.97

186.29

170.30

152.61

Cumulative Translation Adjustment

0.00

0.00

0.00

0.00

Retained Earnings

136.69

141.96

89.85

57.54

Treasury Stock

0.00

0.00

0.00

0.00

Other Equity Adjustments

35.50

23.63

44.76

29.27

Total Equity

362.16

351.87

304.91

239.43

Total Capitalization

370.76

391.27

375.71

273.94

Total Liabilities & Stock Equity

442.56

499.92

476.67

372.16

Additional Data

Cash Flow

32.07

83.89

59.75

53.18

Working Capital

152.38

143.72

162.41

111.91

Free Cash Flow

46.01

-2.58

-39.77

-41.26

Invested Capital

370.76

391.27

375.71

273.94

Share Data

Shares Outstanding widespread Class Only

37.75

37.52

36.02

36.02

Preferred Shares

0.00

0.00

0.00

0.00

Total Ordinary Shares

0.00

0.00

0.00

0.00

Total Common Shares Outstanding

37.75

37.52

36.02

36.02

Treasury Shares

0.00

0.00

0.00

0.00

Interpretation

From the overhead computed outcomes, we can find the next interpretations considering the Batch Company. Group sales, encompassing VAT, expanded by 15.1% to £59.4bn (last year £51.6bn). At unchanging exchange rates, sales expanded by 10.6%. On a 52-week comparable cornerstone, sales development was 13.5%.

Underlying earnings before levy (excluding the influence of the volatile non-cash components of IAS 19, IAS 32, IAS 39, IAS 17, IFRS 3 - principally retirement benefit charges, the assessing to market of economic devices, the influence of yearly uplifts in leases and rent-free time span, and the amortisation ascribe on intangible assets originating on the acquisition, this year pertaining to Batch Personal Finance) expanded to £3,128 million, up by ...