Corporate Reporting (International) - ACCA Global

Professional Level Essentials ModuleTime allowedReading and planning: 15 minutesWriting:3 hoursThis 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 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) Tuesday 10 December 2013 The Association of Chartered Certified AccountantsSection A THIS ONE question is compulsory and MUST be attempted1 The following draft group financial statements relate to Angel, a public limited company:Angel Group: Statement of financial position as at 30 November 201330 November30 November20132012$m$mAssetsNon-current assetsProperty, plant and equipment475465 Goodwill105120 Other intangible assets150240 Investment in associate80 Financial assets215180 1,0251,005 Current assetsInventories155190 Trade receivables125180 Cash and cash equivalents465355 745725 Total assets1,7701,730 Equity and liabilitiesShare capital850625 Retained earnings456359 Other components of equity2920 1,3351,004 Non-controlling interest9065 Total equity1,4251,069 Non-current liabilitiesLong-term borrowings2657 Deferred tax3531 Reti

Angel Group: Statement of profit or loss and other comprehensive income for the year ended 30 November 2013 $m Revenue 1,238 Cost of sales (986 ...

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  International, Corporate, Reporting, 2013, Loss, Profits, Corporate reporting, Profit or loss

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