Accounting Calculations On A Balance Sheet Of A Company - 825 Words

Accounting Calculations On A Balance Sheet Of A Company (Math Problem Sample) Content: STUDENTS NAMECOURSE NUMBERPROFESSORS NAMEDATE OF THE PAPER2)Vertical analysis Comparison of HomeServe Co. Balance Sheet.HomeServe Co.Balance sheet31st December, 2017 2017 2016 Amount(Million) Amount(Million) Non-Current Assets Other intangible assets 4.8 0.84% 3.3 0.66% Property, plant and equipment. 0.3 0.05% 0.2 0.04% Investment in subsidiaries 194.6 33.99% 194.6 39.23% Deferred tax assets 0.8 0.14% 1.1 0.22% Retirement benefits 0.7 0.12% 2.1 0.42% 201.2 201.3 Current Assets Trade and other receivables 371.3 64.86% 232.7 46.91% Cash and cash equivalents - 0% 62.1 12.52% 371.3 294.8 Total Assets 572.5 100% 496.1 100%s Non-Current Liabilities Bank and other loans 268.2 82.22% 194.4 78.26% 268.2 194.4 Current Liabilities Trade and other payables 12.5 3.83% 22.9 9.22% Current tax liabilities 5.4 1.66% 6.1 2.46% Bank and other loans 40.1 12.29% 25.0 10.06% 58.0 54.0 Total liabilities. 326.2 100% 248.4 100% Equity Share Capital 8. 4 3.41% 8.3 3.36% Share premium account 45.7 18.55% 41.1 16.59% Merger reserve 71.0 28.83% 71.0 28.66% Share incentive reserve 16.2 6.58% 13.9 5.61% Capital redemption reserve 1.2 0.49% 1.2 0.48% Retained earnings 103.8 42.14% 112.2 45.30% Total Equity 246.3 100% 247.7 100% Total Equity and liabilities 572.5 496.1 Plant, property, and equipment account increased from 0.04% to 0.05%, this could be as a result of revaluation of fixed assets or new acquisitions. Deferred tax asset account decreased from 0.22% to 0.14%, this might have been as a result of an increase in income tax expense for the year 2017 compared to 2016. There was a decline noted in Investments in subsidiaries accounted from 39.23% in 2016 to 33.99% in 2017, this could be as a result of decreasing non-controlling interests which can evidently be observed in the increase of Merger reserve account. We also note a slight increase in Share Capital from 3.36% to 3.41% for 2016 and 2017 respectively. This could be attrib uted to an increase in the share price.Cash and cash equivalents account declined from 12.52% in 2016 to 0% in 2017. This could have been caused by increase in Trade and other payables as noted above.3)Pablo should not have prepared the balance sheet in the manner as described in the text.The recording of amounts in ...