Transcription of Corporate Reporting (International)
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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 F
(c) The directors of Bubble are thinking of acquiring further overseas investments in the near future but the entity currently lacks sufficient cash to exploit such opportunities. They would prefer to raise finance from an equity issue as Bubble already has significant loans within non …
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