7901AFE Accounting and Reporting ASSIGNMENT 2 Semester 2, 2016 DUE DATE: Sunday 9th October 2016 DUE TIME: 23:59 WEIGHTING: 35% REQUIREMENTS: 1

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7901AFE Accounting and Reporting

ASSIGNMENT 2

Semester 2, 2016

DUE DATE: Sunday 9th October 2016

DUE TIME: 23:59

WEIGHTING: 35%

REQUIREMENTS:

1. Students are required to complete the project individually.

2. Complete the requirements set out below.

3. All answers must use proper English expression and grammar.

4. Word limits are a maximum number of words required.

5. The assignment is marked according to the attached rubric.

6. Assignment Coversheet - In addition to submitting your files for each

assignment you MUST also submit a completed Assignment Coversheet

indicating that you acknowledge all of the statements in the Academic

Integrity Declaration

SUBMISSION:

The assignment is to be submitted via the submission point in /Assessment

folder.

WORD LENGTH: 2000 – 2500 words

Required:

Using the same company that you were allocated for Assignment 1 obtain the

2013 and 2015 Annual Reports from your company’s website.

A. Consolidated Statement of Financial Position for 2015 only

(7 marks)

1. What depreciation method is used for reporting of property, plant &

equipment (PPE)? Does the company disclose assumed useful lives for

depreciation purposes? If so, what are the useful lives of the main categories

of PPE?

2) How is recoverable amount calculated?

3. What were the total PPE additions, disposals and depreciation expense for

the period?

4. For each PPE category, what is the gross balance, accumulated depreciation

and carrying amount at year end? What proportion of the gross balance is

the depreciation expense for each category?

5. What categories of intangible assets are reported, and what are their

amounts?

6. How much is owed on non-current borrowings at year-end? How much is

owed on current borrowings?

7. What were the total financing costs (interest expense) for the period?