Corporate Reporting (International)

Professional Level Essentials ModuleTime allowedReading and planning:15 minutesWriting:3 hoursThis question paper is divided into two sections:Section A This ONE question is compulsory and MUST be attemptedSection B TWO questions ONLY to be attemptedDo NOT open this question paper until instructed by the reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet untilinstructed by the question paper must not be removed from the examination P2 (INT) Corporate Reporting (International) September/Decemb er 2015 The Association of Chartered Certified AccountantsThis is a blank question paper begins on page A THIS ONE question is compulsory and MUST be attempted1 The following draft financial statements relate to Bubble, a public limited company and two other companies in whichit owns statements of financial position as at 31 October 2015 BubbleSaltTyslar$m$mDinars mAssetsNon-current assetsProperty, plant and equipment280105390 Investment in Salt110 Investment in Tyslar46 Financial assets12998 448114488 Current assetsInventories201216 Trade and other receivables302536 Cash and cash equivalents141190 6448142 Total assets512162630 Equity and liabilitiesEquity shares8050210 Retained earnings23074292 Other components of equity4012 Total equity350136502 Non-current l

Section A –THIS ONE question is compulsory and MUST be attempted 1 The following draft financial statements relate to Bubble, a public limited company and two other companies in which it owns investments. Draft statements of financial position as at 31 October 2015

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