(a) The following information relates to Crosswire a publicly listed company.
Summarised statements of financial position as at:
The following information is available:
(i) During the year to 30 September 2009, Crosswire embarked on a replacement and expansion programme for its non-current assets. The details of this programme are:
On 1 October 2008 Crosswire acquired a platinum mine at a cost of $5 million. A condition of mining the
platinum is a requirement to landscape the mining site at the end of its estimated life of ten years. The
present value of this cost at the date of the purchase was calculated at $3 million (in addition to the
purchase price of the mine of $5 million).
Also on 1 October 2008 Crosswire revalued its freehold land for the first time. The credit in the revaluation
reserve is the net amount of the revaluation after a transfer to deferred tax on the gain. The tax rate applicable to Crosswire for deferred tax is 20% per annum.
On 1 April 2009 Crosswire took out a finance lease for some new plant. The fair value of the plant was
$10 million. The lease agreement provided for an initial payment on 1 April 2009 of $2·4 million followed
by eight six-monthly payments of $1·2 million commencing 30 September 2009.
Plant disposed of during the year had a carrying amount of $500,000 and was sold for $1·2 million. The
remaining movement on the property, plant and equipment, after charging depreciation of $3 million, was
the cost of replacing plant.
(ii) From 1 October 2008 to 31 March 2009 a further $500,000 was spent completing the development
project at which date marketing and production started. The sales of the new product proved disappointing
and on 30 September 2009 the development costs were written down to $1 million via an impairment
charge.
(iii) During the year ended 30 September 2009, $4 million of the 10% convertible loan notes matured. The
loan note holders had the option of redemption at par in cash or to exchange them for equity shares on the
basis of 20 new shares for each $100 of loan notes. 75% of the loan-note holders chose the equity option.
Ignore any effect of this on the other equity reserve.
All the above items have been treated correctly according to International Financial Reporting Standards.
(iv) The finance costs are made up of:
Required:
(i) Prepare a statement of the movements in the carrying amount of Crosswire’s non-current assets for the
year ended 30 September 2009; (9 marks)
(ii) Calculate the amounts that would appear under the headings of ‘cash flows from investing activities’
and ‘cash flows from financing activities’ in the statement of cash flows for Crosswire for the year ended
30 September 2009.
Note: Crosswire includes finance costs paid as a financing activity. (8 marks)
(b) A substantial shareholder has written to the directors of Crosswire expressing particular concern over the
deterioration of the company’s return on capital employed (ROCE)
Required:
Calculate Crosswire’s ROCE for the two years ended 30 September 2008 and 2009 and comment on the
apparent cause of its deterioration.
Note: ROCE should be taken as profit before interest on long-term borrowings and tax as a percentage of equity plus loan notes and finance lease obligations (at the year end). (8 marks)
第1题
A.compile-time of software system
B.system uptime
C.type and number of activated boards
D.version No. of software system
E. file position of version loaded
第2题
A. show ztp neighbor
B.show lldp neighbor
C.show interface
D.show interface neighbor
第3题
Which of the following is the fourth step?_______
A.To question yourself.
B.To read for information.
C.To utter your answers.
D.To draw a conclusion.
第4题
A.STM-1 signal of 155M
B.GE9, GE10 Ethernet ports
C.GPS port
D.BIT/S external clock of 2M
第5题
A.show interface gei_1/1 optical-informatio
B.show optical-information interface gei_1/1
C.show interface gei_1/1
D.show ip interface gei_1/1
第6题
A.Configure service encapsulation VLAN ID of the tunnel
B.Search ARP table for MAC according to next-hop IP and then encapsulate packets with the found destination MAC
C.Perform. end-to-end routing calculation according to IP of next-hop info
D.The equipment finds egress port of the tunnel directly according to IP of next-hop info
第7题
B.Frequency and time should be synchronized between different base stations.
C.Clock sync info needs to be transmitted.
D.Ordinary Ethernet service.
第8题
A. Update job log when a job completes
B. Spawn and remove job slaves
C. Write/read job info to/from memory cache
D. Query job table
E. Pass job information to job slaves
第9题
B.Check the whole network and activate PW control field of PW.
C.Save configuration currently running in devices.
D.Check boot versio
第10题
B.A purchasing info record
C.A confirmation control key
D.An account assignment category
第11题
Why does the author mention the history of tape recorders in the first paragraph?
A.To inform. readers of new inventions.
B.To lead into his following suggestion.
C.To give an example of his suggestion.
D.To show the importance of tape recorders
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