Balance sheet 31. Dezember (in EURO)
Assets		shareholders equity and liabilities
intangible Assets		paid in capital
Tangible Assets		capital surplus
Investments		other reserves	21 040
Total Fixed Assets	0	retained earnings
Intentories	2 820	net profit for the year
Receivables		total shareholders equity	21 040
Temporary Intvestents		long-term liabilities
Cash	76 800	current liabilities
prepaid expenses and Accrued revenues	4 980	accrued expenses and unearned revenues
Total current assets	84 600	total liabilities	0
Total Assets	84 600	total shareholders equity and liabilities.	21 040
The initial cost of intangible assets was 85 000 EURO, their accumulated depreciation
is 35 600 EURO, the current year’s depreciation is 9 780 EURO.
The total initial cost of tangible assets was 860 000 EURO. Their residual value is
100 000 EURO, their useful life is 40 years. The depreciation is calculated using the
straight-line method. The average age of these assets is 9 years.
Among investments, shares and bonds can be found that have originally been
purchased for long-term investment. Their total value is 85 000 EURO. However, a
part of the bonds (8 000 EURO) will mature in the next financial year.
The firm’s receivables include accounts receivable originating from the sale of
finished products on credit. The amount sold was 1 000 units, the selling price was 25
EURO per unit.
The company’s capital consists of 30 000 units of common shares with a par value of
10 EURO/unit. The firm issued these shares at an issue price of 11 EURO/unit.
Retained earnings contain the accumulated profits of the previous financial years,
altogether 11 300 EURO.
The current year’s net profit was a loss, 37 540 EURO.
Among liabilities, there is a long-term bank loan of 80 000 EURO, which was
received by the company in the current year. The term of the loan is 5 years, the
repayment of the capital will be done once a year in equal instalments (the first
instalment will fall due in the next financial year). In addition, the firm has accounts
and notes payable in the value of 112 000 EURO.
Required: Make the necessary calculations and complete the balance sheet.