100 ML ULUL PIELIQUIe plant is determined as being 6 years, (b) Company A recognises income arising from service contracts on the basis of the stage of completion (C) Company A determines that it will calculate its warranty provision using past experience of defective products. (d) The current year's warranty provision is calculated by providing for 1% of current year sales, based on last year's warranty claims amounting to 1% of sales. Pate ercise 16.6 PREPARATION OF A STATEMENT OF FINANCIAL POSLTION * The summarised general ledger trial balance of Noah Ldncludes the following accounts at 31 December ossian.2016Not consolidated 10. Currency Dr Cash deposits Cash of Cash equivalent 3117000 Trade debtors Trade Rec. 0 - 9+ 1163000 Allowance for doubtful debts $ 50000 in 1000 CHAPTER 16 Financial statement presentation 477 80000 CA Sundry receivables Prepayments Other Cut 270 000 A. Sundry loans (current) Other Cortex- A 94000 you are leveling $. Financial A. Raw materials on hand Inventory 20000 493 000 Finished goods - NC-A 695 000 Investments in corporate bonds Trencial A. 30000 cland at cost 234000 PPE Buildings at cost) 687 000 Accumulated depreciation - buildings Plant and equipment cat cost) 6329000 Accumulated depreciation - plant and ecripment intongible Goodwill 2425 000 Brand names 40 000 Patents 25000 Deferred tax asset 189000 Trade payables Financial i tronde P other payable 3+ + Sundry payables c-L with 12 minst Bank overdraft borrowing $ from bank. Bank loans borrow + nord pery interest Financial L DO L O ther loans Current tax payable Provision for employee benefits Dividends payable other - Provision for warranty Share capital Retained earnings $12 811000 3036000 1078000 568000 115000 1 848 000 646000 74000 222 000 100000 20000 3459.000 1515 000 $12 811 000 Additional information . The bank overdraft is payable within 12 months It does not form part of cash equivalents. Bank loans include $620 000 repayable within year Other loans outstanding are repayable within 1 year, other is Ne-L Provision for employee benefits includes $143 000 payable within 1 year Provision for warranty is in respect of a 6-month warranty given over certain goods sold. The investments in corporate bonds are Tong ferm investments Required Current Prepare the statement of financial position of Noah Ltd at 31 December 2016 in accordance with IAS 1. using the captions that a listed company is likely to use