1 In a recent annual report the following information is provided:

2022 2021

$m $m Prepayments 50.8 52.0 Assume this amount all related to insurance and that $70 million cash was paid during the year to the insurance company. What is the insurance expense for the 2022 financial year?

2 A large soft drink manufacturer, in a recent annual report, included an amount of $306.7 million in accrued charges ($297.1 million in 2021). Assume that all these accrued charges related to wages. If the wages paid during the year were $500 million, what was the wages expense for 2022?

3 In note 10 of its 30 September 2022 annual report, OK Limited shows the following:

2022 2021

$m $m Prepayment and other assets 36.2 34.4 Assume that this amount is all related to insurance and that $30 million cash was paid during the year to the insurance company. What is the insurance expense for the year ended 30 September 2022?