Selected account balances follow for Ryanair Holdings plc, a discount airline that operates primarily in Europe: RYANAIR
Question:
Selected account balances follow for Ryanair Holdings plc, a discount airline that operates primarily in Europe:
RYANAIR HOLDINGS PLC
Statement of Financial Position (partial)
September 30, 2010
(in millions of euros)
Assets
Non-current assets
Property, plant, and equipment .......................................€4,685
Long-term investments ......................................................... 166
Other .......................................................................................... 63
Total non-current assets .................................................... 4,914
Current assets
Other ....................................................................................... 201
Restricted cash ......................................................................... 61
Financial assets: cash > 3 months .................................... 1,028
Cash and equivalents ........................................................ 1,936
Total current assets ........................................................... 3,226
Total assets ........................................................................€8,140
Instructions
(a) What is meant by restricted cash?
(b) What are cash and cash equivalents?
(c) Why does the company show separately the financial assets that relate to cash deposits maturing after three months?
(d) Why do you think long-term investments are shown separately as non-current?
(e) What percent age of the 2010 total assets is represented by short-term investments?
Step by Step Answer:
a Restricted cash has been set aside for a special purpose and is not available for general use b Ca...View the full answer
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
