Question
Please consider the excerpts from the Turkish Airlines annual report for fiscal year 2021 and answer the following questions. Note that fiscal year 2021 ends
Please consider the excerpts from the Turkish Airlines annual report for fiscal year 2021 and answer the following questions. Note that fiscal year 2021 ends on December 31, 2021. Download the excerpts via the link below. 1. What is the net book value of the Companys Property and Equipment at the end of fiscal year 2021?
2. What is the amount of additions to the property and equipment account during fiscal year 2021? Please note that some property and equipment is not paid with cash and the amount of non-cash property and equipment acquisitions is $240 (in millions) in 2021.
3. What is the amount of cash received in dividends and interest during fiscal year 2021?
4. The Company has disposed of some property and equipment during fiscal year 2021. Assume that there is no property and equipment impairment during the year. What is the original acquisition cost of the property and equipment disposed of during the fiscal year 2021?
5. What is the accumulated depreciation of the disposed property, plant, and equipment in fiscal year 2021? Assume amortization expense was $1,000 million for 2021.
6. What is the gain/loss from disposal of property and equipment in fiscal year 2021 if the sale price of the disposed property and equipment was fully collected in 2021?
7. Assume the Company measures bad debt expenses as 2% of beginning gross trade receivables. Calculate the amount of bad debts written off in fiscal year 2021.
8. How much did the company pay for the repayment of loans during 2021? What were the proceeds from the issuance of loans during 2021?
9. If the Company recognized $200 (in millions) more depreciation expense than currently recorded, what would be the change to Net cash provided by operating activities? Ignore any effect on taxes.
10. What was the Companys Basic & Diluted Earnings per Share during fiscal year 2021?
TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Ralance Sheet as at 31 Decemher 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Profit or Loss For the Year Ended 31 December 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Profit or Loss For the Year Ended 31 December 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Cash Flows For the Year Ended 31 December 2021 Accounts receivable Provision for doubtful receivables has been determined based on past experience for uncollectible receivables, and also ECL calculation in accordance with IFRS 9. TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Ralance Sheet as at 31 Decemher 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Profit or Loss For the Year Ended 31 December 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Profit or Loss For the Year Ended 31 December 2021 TRK HAVA YOLLARI ANONIM ORTAKLII AND ITS SUBSIDIARIES Consolidated Statement of Cash Flows For the Year Ended 31 December 2021 Accounts receivable Provision for doubtful receivables has been determined based on past experience for uncollectible receivables, and also ECL calculation in accordance with IFRS 9Step by Step Solution
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