Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Restate income statement Hutchison Telecommunications (Australia) Limited Balance Sheet Years ended 31 December begin{tabular}{lrrrrr} hline & 2018 & 2019 & 2020 & 2021 cline

Restate income statement

image text in transcribed

image text in transcribed

Hutchison Telecommunications (Australia) Limited Balance Sheet Years ended 31 December \begin{tabular}{lrrrrr} \hline & 2018 & 2019 & 2020 & 2021 \\ \cline { 2 - 5 } & $000 & $000 & $000 & $000 \\ \cline { 2 - 5 } & & & & \\ Revenue & & & & \\ Operating expenses & 10,619 & 5,697 & 1,272 & 121 \\ & (1,162) & (1,423) & (1,457) & (1,901) \\ Net gain on dilution of interest in joint venture & 0 & 0 & 677,315 & 0 \\ Share of net profit/(loss) of equity accounted & & & & \\ investments, net of tax & (4,982) & (159,144) & 148,311 & (19,897) \\ Profit/(loss) before income tax & 4,475 & (154,870) & 825,441 & (21,677) \\ Income tax expense & 0 & 0 & 0 & 0 \\ Profit/(loss) for the year & 4,475 & (154,870) & 825,441 & (21,677) \\ Other comprehensive income & & & & \\ Items that will not be reclassified to profit or & & & & \\ loss: & & & & \end{tabular} Items that may be reclassified to profit or loss Recycling of hedging reserve Net gain on cash flow hedges taken to equity (share of equity accounted investments) Tax relating to items that may be reclassified to profit or loss Other comprehensive income for the year, netal comprehensive income/(loss) for the year attributable to members of the Company 4,687(155,364)825,507(21,527) Hutchison Telecommunications (Australia) Limited Balance Sheet Years ended 31 December \begin{tabular}{lrrrrr} \hline & 2018 & 2019 & 2020 & 2021 \\ \cline { 2 - 5 } & $000 & $000 & $000 & $000 \\ \cline { 2 - 5 } & & & & \\ Revenue & & & & \\ Operating expenses & 10,619 & 5,697 & 1,272 & 121 \\ & (1,162) & (1,423) & (1,457) & (1,901) \\ Net gain on dilution of interest in joint venture & 0 & 0 & 677,315 & 0 \\ Share of net profit/(loss) of equity accounted & & & & \\ investments, net of tax & (4,982) & (159,144) & 148,311 & (19,897) \\ Profit/(loss) before income tax & 4,475 & (154,870) & 825,441 & (21,677) \\ Income tax expense & 0 & 0 & 0 & 0 \\ Profit/(loss) for the year & 4,475 & (154,870) & 825,441 & (21,677) \\ Other comprehensive income & & & & \\ Items that will not be reclassified to profit or & & & & \\ loss: & & & & \end{tabular} Items that may be reclassified to profit or loss Recycling of hedging reserve Net gain on cash flow hedges taken to equity (share of equity accounted investments) Tax relating to items that may be reclassified to profit or loss Other comprehensive income for the year, netal comprehensive income/(loss) for the year attributable to members of the Company 4,687(155,364)825,507(21,527)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

No Nonsense Project Auditing A Practical Guide For The PMO

Authors: Lisa Nash

1st Edition

0993403522, 978-0993403521

More Books

Students also viewed these Accounting questions