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    Note 1: Cash and Cash Equivalents

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    Mariella Antonio-Narsico
    The document contains 16 notes summarizing the company's assets, liabilities, and equity. It shows assets including cash, receivables, investments, property and equipment. Liabilities include payables, bonds payable, and dividends payable. Equity includes share capital, reserves, retained earnings, and share premium. The notes provide breakdowns of line items on the company's balance sheet.

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    Note 1: Cash and Cash Equivalents

    Uploaded by

    Mariella Antonio-Narsico
    45 views4 pages
    The document contains 16 notes summarizing the company's assets, liabilities, and equity. It shows assets including cash, receivables, investments, property and equipment. Liabilities include payables, bonds payable, and dividends payable. Equity includes share capital, reserves, retained earnings, and share premium. The notes provide breakdowns of line items on the company's balance sheet.

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    Notes to Sfp

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    The document contains 16 notes summarizing the company's assets, liabilities, and equity. It shows assets including cash, receivables, investments, property and equipment. Liabilities include payables, bonds payable, and dividends payable. Equity includes share capital, reserves, retained earnings, and share premium. The notes provide breakdowns of line items on the company's balance sheet.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    45 views4 pages

    Note 1: Cash and Cash Equivalents

    Uploaded by

    Mariella Antonio-Narsico
    The document contains 16 notes summarizing the company's assets, liabilities, and equity. It shows assets including cash, receivables, investments, property and equipment. Liabilities include payables, bonds payable, and dividends payable. Equity includes share capital, reserves, retained earnings, and share premium. The notes provide breakdowns of line items on the company's balance sheet.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    NOTES:

    NOTE 1: CASH AND CASH EQUIVALENTS

    Cash and cash equivalents ₱ 1 000 000


    ADD: Overdraft 200 000
    TOTAL CASH AND CASH EQUIVALENTS ₱ 1 200 000

    NOTE 2: TRADE AND OTHER RECEIVABLES

    Accounts Receivable ₱ 1 500 000


    ADD: Net Credit 200 000
    Total Accounts Receivable ₱ 1 700 000

    Allowance for Doubtful Account (200 000)


    Accounts Payable-Debit Balance 100 000
    Dividends Receivable 200 000
    Interest Receivable 300 000
    Notes Receivable 2 000 000
    Loans Receivable-current portion 1 000 000
    TOTAL TRADE AND OTHER RECEIVABLES ₱ 5 100 000.

    NOTE 3: PREPAID EXPENSES

    Prepaid Asset and Office Supplies ₱ 300 000

    NOTE 4: SHORT TERM INVESTMENTS

    Land held for Sale ₱ 2 000 000


    Investment in Trading Securities 3 000 000
    TOTAL SHORT TERM INVESTMENTS ₱ 5 000 000

    NOTE 5: PROPERTY, PLANT AND EQUIPMENT

    Property, plant and equipment ₱ 5 000 000


    LESS: Acc. Depreciation (800 000)
    CARRYING AMOUNT ₱ 4 200 000

    NOTE 6: INTANGIBLE ASSETS

    Intangible Assets ₱ 2 000 000


    LESS: Acc. Depreciation (200 000)
    CARRYING AMOUNT ₱ 1 800 000
    NOTE 7: LONG TERM INVESTMENTS

    Investment Property ₱ 500 000


    Cash surrender value 50 000
    Bond sinking fund 1 500 000
    Plant expansion fund 5 000 000
    Investment in Joint Venture 2 000 000
    Investment in Subsidiary 3 000 000
    TOTAL LONG TERM INVESTMENTS ₱ 12 050 000

    NOTE 8: INVESTMENT IN HELD TO MATURITY SECURITIES

    Investment in held to maturity securities ₱ 2 400 000


    LESS: Unamortized Discount (400 000)
    TOTAL INVESTMENT IN HELD TO MATURITY SECURITIES ₱ 2 000 000

    NOTE 9: INVESTMENT IN ASSOCIATE

    Investment in Preference Shares ₱ 3 000 000


    Investment in Ordinary shares 4 000 000
    TOTAL INVESTMENT IN ASSOCIATE ₱ 7 000 000

    NOTE 10: OTHER NONCURRENT ASSETS

    Loan receivable-current portion ₱ 4 000 000


    Deferred tax asset 300 000
    TOTAL OTHER NONCURRENT ASSETS ₱ 4 300 000

    NOTE 11: TRADE AND OTHER PAYABLES

    Accounts Payable ₱ 400 000


    ADD: Debit balance 100 000
    Total Accounts Payable ₱ 500 000

    Salaries Payable 100 000


    Interest Payable 30 000
    Income tax Payable 100 000
    Utilities Payable 300 000
    Cash dividends payable 100 000
    Accounts Receivable-credit balance 200 000
    Notes Payable 200 000
    Bank Overdraft 200 000
    TOTAL TRADE AND OTHER PAYABLES ₱ 1 730 000
    NOTE 12: TRADE AND OTHER PAYABLES-NONCURRENT

    Bonds Payable ₱ 1 500 000


    Unamortized Premium 300 000
    LESS: Unamortized Discount 100 000
    TOTAL BONDS PAYABLE ₱ 1 700 000

    Notes payable-noncurrent 200 000


    TOTAL TRADE AND OTHER PAYABLES-NONCURRENT ₱ 1 900 000

    NOTE 13: SHARE CAPITAL

    Ordinary shares at par ₱ 500 000


    ADD: Subscribed share capital 200 000
    Total Share Capital ₱ 700 000

    Preference shares at par 100 000


    Stock Dividends Payable 1 000 000
    TOTAL SHARE CAPITAL ₱ 1 800 000

    NOTE 14: RESERVES

    Revaluation Surplus ₱ 200 000


    Cumulative unrealized gain-FAFVOCI 200 000
    Cumulative unrealized gain- FLFVPL 100 000
    Retained earnings- appropriated for plant expansion 5 000 000
    Retained earnings- appropriated for treasury 600 000
    Cumulative translation debit -foreign operation (300 000)
    Cumulative unrealized loss-FAFVOCI equity instrument (100 000)
    Cumulative unrealized loss – cash flow hedge (300 000)
    Net remeasurement loss (400 000)
    TOTAL RESERVES ₱ 5 000 000

    NOTE 15: RETAINED EARNINGS

    Retained Earnings, beginning ₱ 2 000 000


    ADD: Net Income 34 520 000
    LESS: Cash Dividends Payable (100 000)
    Share Dividends Payable (1 000 000)
    Retained earnings – appropriated (5 600 000)
    TOTAL RETAINED EARNINGS ₱ 29 820 000

    NOTE 16: SHARE PREMIUM

    Donated Capital ₱ 200 000


    Share Premium – Preference share 2 000 000
    Share Premium- Ordinary Shares 1 000 000
    Donated capital 200 000
    Conversion options 400 000
    Share options 500 000
    TOTAL SHARE PREMIUM ₱ 4 100 000

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