Student work here ASSETS Current assets Cash and cash equivalents Trade and other receivables Inventories Other Current Assets Total current assets Non-current assets Available for sale investments Other financial assets Property plant and equipment Goodwill Lozza Ltd Statement of Financial Position for the year ended 30 June 2022 Notes Other intangibles Other non-current assets Total non-current assets Total assets LIABILITIES Current liabilities Other Current liabilities Total current liabilities Non-current liabilities Defered tax liabilities Total non-current liabilities Total liabilities NET ASSETS EQUITY Share capital Reserves Retained Earnings Total Equity 1 2 WN 3 st 4 56700 og 9 10 11 12 $ $ 1. Cash and cash equivalents Cash at bank Cash on hand At call deposit Lozza Ltd Notes to Financial Statements for the year ended 30 June 2022 2. Trade and other receivables Trade Receivables less Allowance for Doubtful Debts Bills Receivable (due 12/22) 3. Inventories Raw Materials at cost Work in Progress at cost Finished Goods at cost 4. Other current assets Spare parts Accrued Income Prepayments 5. Available for sale investments Shares in Listed Companies - at market value (Cost $370,000) 6. Other financial assets Shares in Private Companies - at Directors' value (Cost $110,000) 7. Property, plant & equipment Land & Buildings (revalued 30/06/22) independent valuer Plant & Machinery (at cost) Less Accumulated Depreciation 8. Goodwill Goodwill (at cost) Less Accumulated Impairment 9. Other Intangible Assets Licenses (at cost) Less Accumulated Amortisation 10. Other Non-Current Assets Bills Receivable (due 15/03/24) 11. Deferred Tax Liabilities Deferred Tax Liabilities Revaluation Land, Buildings (556,000x30%) Revaluation Shares ((50,000+35,000)x30%) Deferred Tax Assets 12. Reserves Asset Revaluation Reserve - buildings - shares in listed companies - shares in private companies - tax effect of revaluations $ $ Question data below Lozza Ltd Statement of Financial Position for the year ended 30 June 2022 Notes $ ASSETS Current asset Cash, shares and other financial instrun 1 Trade items 2 Accounts Receivable Trading stock Total current assets Land & Buildings Plant & Equipment Goodwill Deferred Tax Assets Total non-current assets Total assets LIABILITIES Current liabilities Deferred Tax Liabilities Allowances and depreciation Other Liabilities (current) Total liabilities NET ASSETS EQUITY Total shareholder equity Total Equity 3 4 5 696,500 24,500 269,300 462,500 1,920,000 267,000 220,000 58,000 21,000 195,200 654,000 1,452,800 2,465,000 3,917,800 870,200 3,047,600 3,047,600 3,047,600 Lozza Ltd Notes to Financial Statements for the year ended 30 June 2020 1. Cash, shares and other financial instruments Cash at Bank Cash on Hand Deposits at Call Bills Receivable Shares in Listed Companies Shares in Private Companies 2. Trade items Accrued Income Prepaid Expenses 3. Trading stock Raw Materials Work in Progress Spare Parts Finished Goods Licenses 4. Allowances and depreciation Accumulated depreciation - Plant & Equipment Accumulated Impairment - Goodwill Allowance for Doubtful Debts Accumulated Depreciation - Buildings Accumulated Amortisation - Licenses 5. Equities Retained Earnings Share Capital $ 81,000 3,500 50,000 82,000 370,000 110,000 8,900 15,600 47,600 36,000 7,400 286,500 85,000 58,000 22,000 5,200 76,000 34,000 2,047,600 1,000,000 $ 696,500 24,500 462,500 195,200 3,047,600