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A F R

Kasneb past papers from 2017 - 2010

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Ayietta Halwenge
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62 views76 pages

A F R

Kasneb past papers from 2017 - 2010

Uploaded by

Ayietta Halwenge
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
KASNEB FRIDAY: 26 May 207 Time Allowed: 3 hoes [Aner ALL qustons. Maris lead o each queton are shown tthe eed fhe queen, Show ALL your workings. ‘QUESTION ONE. ‘The llowg thesusry of Gracia sttamens ang A Lid. BL, CL a D Lite fail yeu ed HMarch207 Income statements or he year ended 31 March 207 Revense ve "0 ‘co "ao" Contos cD (30 an ay Gres pot 50 ‘a 0 390 ‘ther ores 2 , sa se a as 70 90 Distinct on oo 0) «100 ‘Adit expenses 130) wD, (20), fram “au “ta 2) ata epee an 2 10) Deeetee io 0) Rend pit rhe ea bys " 0 Rete prt bought oad i. au 2 Renine ret caved fewer carer ea a0 Prep pla and eumen 1400 sw vo Image ss 20 6 ho Inve nL io Invest ne Li a Invent in Lid a ‘Sibel hacia ast it <4 200 im 0 tivenory 100 0 0 “Trae and ote reciabes so Mo 150 Dave af ates ‘2 a an Sao a0 Sn Total nets Eioo za Tem Capa ana tabi: ‘Ordinary share ap (Sh. 10 parva) 000 00 0 00 ‘She pein 00 Mw 0 30 Avalos reerve 0 5 Retina rots rm Ds ae 0 Zoo ius is iu CASS Page ourers Aud. cu. Du snsmulion” shmllaa” —Saiion” Nomcuren ible: Tove len sack 200 100 sae 200 Datened in any aa a et stones ao io a ao Trae ander pss, 200 sass 1 100 Bak os 20 to is Coen a 0 to 4 —i0 So mS ie ce Tota and ites ao am. ism Tata Adina information Hiv" Ld egied 80% of hsb capital in B Lido 1 Apel 2014 when te end profs of Ld. ere Sh. 180 millon A te of plat in 8 Li as vale of Sh mln shove cary oman nd eprint 20° per ana There were no ther eserves hah share re, BU scqued 75% tthe share apa pC Ld Api 2015 when he ane pot oC Li, wae S100 lin Land belnging oC Ueda favo Sh SO alone caring ame, 3, BLA aso sired 4 shares af D Lion 1 Api 215 when the eine pis of DL were Sk 150 millon ‘4 The poup uses the at ood mth a even gh mo pane was repre ine eal ofthe dvi has ben repormpaed tthe eur ea for 8 id and Lx The pal oD Lid wis a pie 5. Intecompany ale wre as lows during he en Seer ayer Margin Balance * tmuck cu, Bu 0 0% Bud, Ali a 2 Bud Bina uw 6 tnercompany tlance wre a allows ‘Shauon” Dee fom BL. oC La, w Des fom Aad to BL so Dre fom D Lio BL Et quire (@) Coolie ncome statment rth eens 31 Mate 2017 Wome) (©) Console semen of nial postion at 3 rch 207. ‘omar (ote 20 mars) ‘quesnios two. (a) Belin te acouning etme embed divans under IFRS 9 (Fan nse) te) (©) Disinguish etsen oft yale hedge” and sesh Mow eae sngthe ecg tran each, (6 mas) (2) Ont January 2014, Come Ld ied 500 she opin 0 cash 1,00 employees gible fr the employes Sar omnaship seme Th fr vale ofeach opion at he ae of at was S30. The pins haveing pro of re Je, ad any ployee who resized Before 3 Dssene 2016 ws eit sy sare ‘Asa January 2014, he management esti th fhe plays would ex dn the yer. O Fry 2015, he ented number engayes who weld ext sonal A03 Page 2 outats ee ‘Acta information hom the company’s human esuces depron ined that 2 emloees ext ing the Year to 31 Oscertr 201,17 employees exted rng he ea Dose 2015 aa epoyes exe aig ‘heen to 31 Deane 2016. quiets eal ens to record the tansstns with rep to the sare tos fe $1Desenber 201431 December 3015 a3} Dee 2016 (Glan how your ans it) (above would be ere i the employs he opt to be ‘cuhesuialto the make pce of he sare et ‘urstioy THe nha isan lens company which has been ited on he sues exchange fr th to yr Provied slow mete ety and onan nd of he eon 030 Api 20, ‘Ao provided ae the income sneer and semen of MGvIeNs I sees fr the years ds 30 Api 2016 and 50 Api 2017 eset auity ad long-term fans a a 0 Apri 2016 ndinry stre apita(Sh. par value) ‘20 Shae pean ay Tot ety m0 Long term funds: ‘convertion sok Loo Teale and nna iis 710 Income statement or the eer ne 30 Apri an 2a sto" seston Revenue 100 7720 Contos as050) 16290 ‘ras pat ‘oa S00 Pt bere crea Sion ‘aie Interest oa ak 20 fan) “uation 35 0 Prat forthe se i =] Statement of movement eserves at at arr “rer Retin pf ruse ova sae Pate eye Sts ro Ferenc ind ‘an fo Ondine sven in a ec pacar wad Sots sh ‘hina iaforration: rrn'On | Novem 2016 the company made a bn ise of shares on he ba of one ary sae for every Si ondary srs el 2 Onl March 2017 the company made ih i foe ry share or evry seven viay ses il. The "ahs sue pce was Sh Sper share, The mart alo on ly she oa edt of eight was S125 po thare 3, The Be camenble loa sock can be crea a the ope of the odes fm he year 202 the ate of 125 hay sae every She ln sk el 4. “Thecapeaon rate 3088 There narnia of preference he capil in th yer 2017 Theres ave fn sok nthe os 207, Required: (a) Toe basi earings per share (PS) forte yar ene 30 Api 2046. nary (6) Thea carigs per share (PS) forte yar end 30 pi 2017 (Garis) {€) Theis eamings pr share (EPS) forthe yor 2016 that woul Be shown inthe year 17 5a comparative fer snes ‘ma (Tete eninge pers (mats) (ota 20 ars) ‘questioy Four Gy The mansaement commentary (mangement Scion and ass) provides wes with erat infomation that avd cro ote elt Fanci stents. Regareds Dis tree coments of a manaenet cometary in an ety’ facia stone. cn) (©) Muro tx, manufacturing company, povies fo deference a in nosrdase wih IAS 12 (Ino Tas. ‘Thetaloming ean eat rm he sea of ancl poston 380 Ap 30 Nercenrrest ait Pron plat ad equipmene 000 Inunpbie ase ‘000 Goods! 6.000 Focal ets anal rsa 000 Towne 2300 eteoete as Prepayments 50 (Coban enh equivalents 20 3400 quit ana ities: suit ‘Streit 200 Renata eserves S00 Deter icome tx May 2016) 300 Caren abs Empey tects 200 Carentan ny He Tmt aes fhe ts elms: pe pt nd pt am mci st (vl Fr ste) ton 2, Tetris re ste tr ale ln rt ich owe thn Bh rg etn a taal os. mane ses nas pid in th fen 2018 and is escent of wot co. 4. Goad an enpoye ees ae a exept ‘Tage and her ables include provision leave allowance of Sh. ion ih ita oat om cabbie 6 Tiadevcsivbles ar std rt geal allonanss orb dees thet of of he rs rectal The neal allowances ots doce ot beets pei g Pe ig wince n prope lain wa ve ing te eT ie Theta other tons eg ter caring mo, 9. Thotacrte splat Required: Go Det tx talace a 30 Api 2017 (2m) (i) Deed ome te aeoun a 30 Api 2017 (mut) (ola: 28 marks) ‘question rive (Sammut ewe main renin for developing 1 cone fomevork fo te parton a presen of fatal lene ‘emits ©) © tne cae of Itrsionl Plc, Soxor Accounting Saar (PSAS) 18 “Sepment Reporting Aizen beech a "serve pena "eral spent ‘erm (i) IPSAS 25 “Employee Benes” rescibes th acoutngand sclesterequtenens by pubic ser es for employe eet Require Explain the peso employe keels witha ri destin ote sceusingwestnent ofeach, (6s) To inain or crete» god corporis imag to the soit win which a cmpany opera, hte is neo take ‘maby ay Sa or tal cal inc cm by ecm le i sl ep Require ‘Comparing conan ancl reporting wh soc responsibilty reporting, explain 10 prota challenges pei 1 sch responsi open nai) (vate 20 aes) KCA UNIVERSITY KASNEB a cenranriseenone | 21 app ANAT arene cats te er 2016 time Aloe ha ‘Question one i. pubic nc company based in Kenya, 8% oth onary shea publi lm company Basin van Lid sured SL. cn I May 2018 fr 200 mien van acs (RE) he he eel pote Li were 40 nion RWE, The finctonalcureney of Ld i the Rena ahiling (KS) Te nso suse ot § Ui he Randa Fn (RW). S Lad fs mot evalu is ato toed any she ep sos faces HLM The owing Hania trent sete Li and SL "tas Stu Imes Ud ot a iret se aan a0 Teal see 080 2a Ordinary shares of KSh. URW 10 00 320 Star premio 0 200 eid eamigs aon uo None alt otf aren tain on Tal ey nd aes za Income statement ad ether comprehensive inc Suu. WE iio Reveme ‘a Conta, ca, (Go oft 40 ee coy Imire esa ; tare pale ae eo Prt etn tx 50 20 Insane tt epee em) cy Prot e = "0 1. Gedilsreviewed fr impimnent analy, Asa 30 Api 206, the mp os on reed ysl as WF mon 2 Daring the yer end 30 Api 2016, Lu puch a mati I Lil depo he pra in [RW nits rnc ecrd Th dt th nec shaw eae Natareof pods Date or ‘M930 Api 2016 Fo he aw ters che ware il nthe nvemory ofS Lid Ontate 3H ad. edn ito loan Li of KSA. millon on ny 2015. The loan was pid on 31 May 2016. $1 inde elu ns bent bt 4 Thehiralveor ent ts ofS id ae tte date of acgiston x acted be the sare the aying vale 5. Hud paid dividend of KSAdUaligt rng the year endo 30 Apel 3016, Ths snd hd ot cn ded inthe eonpny's eee steer & —Theeorporatn atte 0% 7 tts eprops ple to value the nonatroing inet deus t propo shar of the fiat of thes emit et 1 Thettowing exchange tr evan ote fans ements: 30 Api 20151 May 2015 | February 2016 2 30 Api 2016 ut ‘Avra it othe year ened 30 Ap 2016 20 equiv: Pere he flowing satementsinacodee with he apple nema Fnt Repti Shae (IFRS) (6) Contd incre sateen rhe 6 edd 30 Api 2016 Comms) (©) Comoldtet stereo racial postn a 1130 Api 2016. (iors) ‘questioy two The flowing oe the finan sears (ora: 0 mars) postion of Kio yop of compan or te ‘ite Grup {atom tee othe er ede 34 Ocaer 2016 Shomiios” —Shniton” eva (rom cele) So cornice 0 Soups So Hsp gece Fey 40 i 4 Expos Oss 129 a Finance costs 130 (4.610) a Pre “0 eater in : Petrie ist Pratt: Hd sonpny fed Novem bie “is ino Se romp ae 4131 Octaber: siiion pester 28 a . sm a er asst eS 4, wv 2am ans Caren set: suaion” shmiion” Inverter 0 tno Tre sabes 3900 350 Soreness 0, Gah ace 2 —0 Teal ete Tat 80 Eguty an abies Onin ar pial 00 Resined pie 120 Sr em sao Non coiling interes ‘so aang 0 00 Coren “Tindale az 980 iat ever Bo ow Cores —120 ao Tota el ad abies Pan oom Adina information 11° feof lc th a rg cos of Sh.350 ition ad th amt Boo vale of Sh. millon ws Sl or 5.0 milion dig te yar ended! Ot 2016, es iesimers ware slo Sh. 30 milion ring the yar end 31 Oxtber 2016, ating he yar ended 31 October 206, ijk i negued BD's othe she cpl of ka’ Lid, The ses of San dere follow a te de seston, Sh min repel nd equipment ‘oo Tad echabos to Py es) Tae pales (Gon) AS toate Ai00) 1 ny Neuss 00 4 The fllowingafomatin rates propery, plan and equim 31 Ocer2016 ‘sho ‘Shien cot 00 ‘ost ‘Acanalate deprsition aio e) Natick ae 3400 “3 [he sont of per, plat and equipment f Sohn Ld om the dt facing ws S000 min and the seid deposition on the. oper plat and culpent wae Shi raion Dug the yer eed 3 Gxabs 201 there was revatio gin Sh. 1D vignette old soaey egy 2nd apie. 5 Theta pce comer of § Lid 98 Sh4S0 milion pid by ising Sh 100 milion vor of nay ses par. Tela wes pid inch, © Decition a ous om se pl are inde in the ent fe Required: ‘Group statement of ash Rows nconmiy wih IAS 7 (Stent Cash Flows for th eur ced Osober 206 ung the dre mth of sna (Qo marks) 6s Page Owere er crn ” Hea ‘eo rr Defoe rr Howsing a to Imray bo i Sten a i rte Minotr for Finance preset flowing supplementary Fane bills whi wee approved an Disposal of pasta — S20 ton Domest brrowings~ S30 ion nore expen fo detent” S10 Bion. Reduction expenditure Fr th — Sh til 2. Alle terest pane renaine bade Require ‘The semen! f comparison of tale! natal suns fr the Fal erent 30 Jane 216i acura wth Ineatonl Pubic Secor Acouing Standard (PSAS) 24 Prsetson of But Ina Fa nome) (mors) (oa: 20 mark) AG Page urate ‘question rueee o w Expl ar difeences between an ine recomrstion a an etl cnsraton, Goma) The lowing isthe summarise of il oon of PL 30 Jane 2016 anpbleFecold propery ow Pin ary 0 Ingle Ptr Po (oad Bh sen Current snot KCA UNIVERSITY] Inver x0 ‘cote receivable 6 q Investor (are ale $8224 mile) same] a3 ‘eset payable | irTeNGELA campus LBRARY ik overat Dette ners pyle Dre ans om 8 see 7 Shr pt 120 in edna sae FS. cick 1200 ‘tt millon cua refreshes of Sk 10 ch wo ‘ecules use Nov-curret abies: acne 000 ime ‘he coun appoved a scheme of wowaniation submited by the debe holders al aged upon by oer erste pares okt July 216 Det he approved scheme aa follows |. The 694 debenture older were to Rave hi itera pid in oh ad 1 ake se ptf the told reper (ook ale S60 ion a ation of S192 ion nut ey dhl. The ‘erie holes ne shat vise aon ash of Sh208 ian study ing shy on Ihe company's ts ton ier ts of 12% pe tea Penn mod ate oe writen Sh 120 lio is tbe wee inverter an 88934 lon 10 be provided for as Te omni eel prope Yo be revalaed 8 Sh mln. The Invent wa sald tthe poaling mal vale, 5. herders ret asep ste of hon 810 90% theo by allen fo shares tds Seino Te flac ofS ass be ed 4. Thee pales a to be pid SAO. every siling 6 main and otaln anestion he rt “The ank as anton anova ni of 810 milion to provi weeing cpt The pretrnce didn ae four yas nae ch he qu ohe ied and ony ‘Hore alloted t par forthe bales, 7. The 6s refreshes Tobe wen down 0 Sty cach and the exiting sary sores oh ‘ch. Al the rn shares ae be comlitd io sures &f Sh. cach Te me of dens on petvnce shares into eines 1D 1 Ther ar api! ermimere cuntng G00 millon which rt be cancel on payment of 359% oft conar pie ply, C103 Pages ontate Required {iy The capital reveton accu o eco hese fail erent (mats) i) The statement of ane poston of #14. the soe of sine oy 2016 may alr “Afeing the scheme of rntanton ‘ais (ota 20 mars) ‘question Four’ (@) "With reference to Ieatont Accounting Sdn (14S) 24 (Related Pain), expan tree exp af sd pt stomp. (es) (©) The towing infomation rates Jmbo Lit Year ended 3 December: 203 me is Si miion”| ae a eat 2 On ebay 2014, ight nu of ane new share ores ive reson was mad tan evecse Pelee of Shs. 3. Before highs iu, th mur of dares ouside 2s $0000 4 Thelmrdu ese there wae | March a0, 5. The flan of ons ordinary sh immed bees of thighs | March 2014 mas Shit Emin er share (EPS) frac of yes endl 31 Desene 20132014 and 2015, (mais) (©) Atm of ts sa masivmionprogamme, Beter Ld. decided Yo grant each of its 60 plas 100 opin © Parcs the compasses effective om I Api 216 These ons were cn up a sll tpl aa rch 2020. ‘The falling ain dete wer provide wh reset o the she Yearended Number of cmplyees espace to Fail of ach option terminator eve cmployet Se 31 Mach 2017 * 0 31 Neh 2018 is te 31 Mare 2019 i ra Their ale of the option ws 28 a at 1 Ap 2016 Te enti pc oh option il be Sh12 a te par tale ofthe comgany' hres Sh The asrage markt ps othe share oe he ts a 31 Meh 2028 ‘tpesedto bes, Required: ‘Sho Ho Bete Lid shoul report the tnsacon ofthe above scheme pre ecient of 1S 2 (Share based Payment) over he our yenrs eng 31 March 2020, Aus th i he sige soe: wll ees ne "ih on 1 rh 00 (ers) (Tota 20 ae) ‘question rive (@) Analyte anton ofthe eran Final RepoingIntpetatons Commits (FRIC. mars) ©) @ Define etm “ssl espomiiy assuming. eos) i) Expo de adnan of sca respon scouting (ons) (©The flowing summary of redpts and payne was ext fo te sects 8 ippthtil Mins of Fane fo thei er ended 30 une 2016 Original badge Acted ec ‘sh sion Taso revenue ‘ao x03 ages Ontate KASNEB ADVANCED FINANCIAL REPORTING Anne ALLquestons. Mash alictl week question aestown at heen ofthe gue Show ALL your workings ‘QuESTION ONE ‘On Apt 2001 D LG acquit 3% of the ori shares OFS Li Sed. cgi 64 oth en hares OE 1 Lida ab inven the nin shares ofA Li 9 the exe! of 7% o8 | Apel 2012, On 30 Je 205, D Li “Te fllowing neal sateen cat te above epi fhe yearend 1] Mach 26 Statement of comprehensive ince forthe yor ended 31 March 016 Revense 00 21000 isa Costas zoo <.z0n0) {isco 300) ‘ros pate 100 "00 ‘to “00 auto 3300 0 i320 ns “00 50 Sarbton ot Gaim e300) (3) ‘0) dinate exes (Gas) 4) (cis (90) Anan cot 2 ants Prof octre tx 70.308 70 7300 700 Income ax epenses a0) eon 0 Prof ere se “800 ‘ao 0 cet 00 Totlcomprehnsveincome Edd 0 =) 0 bu Sta ua ata ewcuren att ‘sh-mlioa” Sh mulon” —Skmiiion” Shion” Proper pt ad equen "760 7200 “500 "50 veanot SL erm a Eu 600 i epee teeta so ao “a0 ‘Taerechables 20 a0 so ‘a Fitter ane gh prot tates 000 Ch atch sult 0 “2.00 oo aa ae 00 aa son Ton at 2.00 sian 630 ‘00 863 Paget Du Stu Au, Shnilion” Sh mlion” Shion” Cnty shar expt $4.10 parvaie) 6.000 2.200 2.00 200 Sr ream Sono ao io 1250 Revenoe serves sso 0 2 Lesa ins ‘ina Sho sao Non-carsen ab Deter iby 20 2310 i 2 Caren ibis ‘rade miter payables 2020 2.00 | oT v0 Cortina 230 2200 a0 0 ino “a0 io a0 Total ety nies no Tn a0 aan Ld que is ovestnet nS Lad. and ALi. when the reves reser nef S Lid and A Ld wee [Link] bd SOSH lon expect The yevenefseres fF Lid snout 0 Sh2400 allo a July 2010s Sh2.730 milion a at | Api ai cs Dung the year ded 31 Marc 2016 Sd sé gs at normal map of 389% at ie of h.240 rion {0D Lik 20 of he goods enained an by DL a3 Mach 2016 The finan ast eld a ale ough rota os he ok 9D Li, have enced oie salu of Sh.1200 milion Revenue eserves oD Ltd ef ae nj reo ale aa Imesimet income ncesddends edn lm abides D Li, sve S320 ion fom SL. wile Sid received Sh 360 lio rm Tt vcs pi yD Ld sured o S200 lon The sol proces om the sal sae sn Lid cD Je 2015 sou S130 ion tse in ‘ash D Lid il secon othe omaning ners a A Lid. sing th ait) mato nacre th TAS 38, Incloedin wade eeables nade pls eth elena sees Dueftom DLs 10S Lid. S238 lion SDuettom A Ua 40 DL Sh 40 aio, S—_Duetrom EL 0S Lt $20 lon Inveorie sl by S Li oD Li, worth S60 millon 3 aol mark yp had nthe be sve nor eared by iad ten Mah 2016 9. A goedvil ofthe lester companies tad bse inpaied by 25% dng te year edad 31 March 2015. No amen scared inte yer end 31 Narh 2016 The lou sts he ata ocd end prepa he sup Trac statement Required: Gro snemen of comprehensive tome forth year nde 31 March 2016, Comat) (©) Groypstaement of facial oon 8 31 Mach 2016 Gomis Question nwo. Thema op hs pea he flowing Fea tment ete year ee 31 Dest 218 31 Desenber 215; Statement of comprehensive income forthe year ended 31 Dacor 205 ‘Se"ailion” Shion” Revets 240 Couto oa tr incomes: Share fp after tes hom ait oe Gain on disposal of propery, lara expt s Inertial ar cass raged Sasso at aun eee sp Pei 18 Neonaing nc he iw Heep sn pe aan Gonsa 26 imesmen i _ Pir sean 2400 vou nec i i Tienda eens ibs a Pi a Taam ine ie Samper ae 8 tres tine owing 30 Cor abe aise ear nde 31 Dacome2015 Starcopta Share Realaton—Retaned Tata stmatin” Shion” Shion” Sin” kn “s ns % “oe i (nr orcas pony : ® “ Dred pa Se Rae et xcnge doen On eatin of tec nee eet agent xcgr dle Ono Gas ‘iv ineine : 0 » toes oka cpt 2 no = a Bumccroen (1 December 2015) $40. Es a Tak 868 ees owt (©) XY21Ad- ised share options wo ston Janay 201. The del relating to thee sae pons ara flows amber fat 5 1.00 Number fotos ich member of ast 300 Fair ala grat date per option) sa Exped employee tumor peru) emt forthe ear nde 31 Dem 2014 te cmp evi inte of amos : ‘mays. anu fr sing pr 3 2 Inthe nancial semen the earended 1 Dscembe 2018, th acl ploy move ad wera 6s a Sepa eed tl remain withthe company fr th the aid oyu ‘The chirge o be made tthe statement of comprehensive none fr shares pytenn cof wih the ‘ements of 1S 2 (Share ase Payment for echo he ears ded 31 Devnet 13 31 Dace 2088 {tnd Desonber 205, “ti (ora: 29 mars) furstioN FIVE % (a) Daca theraonl for argu framework ania poring (Gon) ® othe nana Acouming Stands Bord (ASB) aprcake the task of psn sad wih arene oucevelopment and pbs of expe ‘rans (©) tate ote ese en rnc sting ad poring pi hy “el oun and eet sine pombe (emu) amavis) wer a a le A63 Page oe ‘sxmition” Property, plat nd einen iso eed i (hand cach quent ws “rate payin a cae 1 Gare 10) Neti <0 “he purchase cansioton was Sh.291 milion nd crise 6 milion rir shares 10 pr van Sama Ee (utd at Sh ech and Sh. ion nes “he summary of pope pla and eu ss a lows: ‘Som Apnea at any 2015 Sm aon cad Zar ed) a ation of pope plan an equipment o “Dip oy Depreciation aia nae a 31 December 2018 aT “Tae have boo ho als of ivesmens. The invesnens ince under noone wes wore ade wp ofthe felon es at 1 Deeb Shilton” — Shmiion”™ Tie coments ching puchne frig ely yes) LA 1s Inte ecole nce ade sivas as Sh mon oso nary 2015 alt millon a a 5 December 2015 Ct iis compre he flowing ems aa 31 Deeb: ais am Skenilion™ —Shemiion™ “rae payable (sain inst pyabe of 9.27 milion at at 81 December 2018)" 3792189 Gomer a oo ‘ecale is 0 ta iow “7 Tee dane ators ies fe eaeeet ces aly pe ge mela aes ‘Ri invent An eet Bering oan of Sa S01 man was esiaed dhs Ce ea o fiance he Fran ‘Sh imsstnart th anna ar ser eusiaon a 3 Dacenber 2015 Boring hepa end 3 seer 31S an ert Bering eon auing 0 Sh lon as obtained to ‘er aaonl ropes, plum a squpmers The ser were aud athe couse fhe eu Require ‘The tray semen of ash lw in aconance wih LAS 7 (Stren f Cath lf the yar ane 31 Deseo 205 120 marks) ‘ovesiox THREE ‘ste id whi hasbeen opening in the elcommniction ser, his Been posting ssn ding te The sof he company hve made ropes arash conan by atone se nea he cmp oe sy ccd Zand 1 het on Aga 206 The flloving ern of ancl poston aso Has La ot 3 Mac 2006 nancial pion aa 1 March 2016 “ Propet pt euipnen rossra ‘Arata ee oo ria Vacreces eee ourete ei Fania et tale ough ro a oss nea Tol ance Bs Equity and ie Eig: niin share api (S10 pa ae) ‘00 ‘ecamulaivepeeenee sae capil (Sh 10 paras) 4000 Revaluation sees 008 Revenue raenes cmp sre Nowcuren ibis Tovesetonae so Carr abe: funk overs m8 ae asa iat a eee 5 ona information “Zod id bie 3 new onary shares ofS. enh fr every He cami rel se in Haas {id nan th carl peerencs sarees in Haar wre th new TO pees shares OF Sh pr va ia Zawa Lafer every ve cmv pee sare: a ‘ThepretencetividensinHarrs idwere the eas n aes The scale peta scorn Hisar ie wil cep he aly pa diay sate 10 each le Zava Land Sh 0c edhe ZasadiidToreery Sh D0 a he preference en in aes ‘The exising 10 deere holes Hosa Lid ee sod wih Se aly pai orinay sas of Sh, 10 ach in “Zawod i and St of Ws dere or tey Sh 100 fre de “he orn Sheol in Has i were Sed with? ew rary shes Sh ct Zava L every voir ses eld ow cece 3G 7 Rar i tt gata atecvlie ‘Tease o sta Ld were ake very Zea 18 the a ale lows ‘Aenea sale ian sts no ‘est seal on Fac ase at a yale though pofitand ios 24 “Thelen expenses of Haas Lt amounted oS. 00a wae pai by Zara Li geeky ee eee ees en eee ie (©) Inte context of ISAS 4 (Te Els of hans Feean Exchange Rat) explain the pacer ob aed ‘then satiny te finan! pcan a nc pstion of neti hove funcind caret em the arene of ahperaaonary cose is dsc! prsetton caren (Gans) ous FRIDAY: 27 November 201, Anoner ALL guetons Mark allctd wo ech ques KASNEB CPA PARTI SECTION 6 ADVANCED FINANCIAL REPORTING ‘question ove nthe tet of IFRS 3 (Buin Combines) cus aw nor-ontoling ines (NCI te mens (ats) ‘om ape 205, Li ied 75% oh gly sare fF Li hah a br encang of rs shes in Ha {ervey fe shresin Ll The orl vale of nc share orb Lid and FL S15. The hres thee oma wer rading he aries exchange a Sh a Sh 16 fr LL. and F Lid. eps pre same date HE scgurel 30 of tec share of N Ld paying S10 per sae The nominal vate of oh sae oN i SS “he stamens of omprehersi insane othe the compas for he yer eel 30 Sepenber 2015 a 5 on te, Fa Nu sienilion” Shion” Shmalon™ Sales revenue a0 ‘aw 00 ost of es en) ison as) ‘ros po 030 7 ist raion co 130) (se) (0) Adieu expenses (469) @ ay) mane css. asa) ba 8 se @ FPrftofoet ass sie a Incense ap ao . rose ae ts 86 sa a “The summarised ety infomation Sth tes cmpanin 30 September 2018s ven low: mus, Pua. Nias ‘Sion Sklion” Smo” (nto shar capital (8. arse) 1.600 960 m0 Stree 200 Reuinedeoming()Oceber 2014) a0 rate G0 roo forth eared 3 Sotembr 205 188 i wo ‘inna pd 0 Sepeber 203) : o Adina formation: ene I Apel 213, HL Ld ested h100 milion in 10% debonures of F Lid All ints wing to 50 Septet 2015 had een soso forty bs companied ao Bad cht fms In ste aba 30 Sepieb 2018 2 _ng tego en 30 September 2015, H is goad Lif 20min ata markap of 25%, ‘nett ols ons wee sil he venoy OFF Liar 00 September 2015 3, Anat Seema 201 the nests TH Lin N Ld bad ber ped by S24 milion owing 0 the intact NL ed Ben ncuing. Any good rig on Linstead ot inp 4, Antemotplon off had caring aout of S96 milion nd ale Sh 96min at hte ‘acim Tis advange fie yer at he eo els te staeling in Fut Aether ates of La df anes mich wre eqn fhe caying vols a tthe dat of feat, Se 5, F La omnes de mk wth remaining if of fe pears a ate de of seston, Ths tres wo vale pei S40 lon ea Bis ie Ti reir rae mack ha ot eh ‘alee he Smcialgstenents of FL (6. ill ncadd nba fhe vend it eevee F Li. in inverse 5) Noftivae aj wer requ nthe aegis of fe vest in Li 1 Thenasonoling ren Fits eB valued a hs a ales athe de of euison 5. Tc epnses fal he tee companies were dened to accrue evenly woah the Sar unless Required: (i) Good on tbe scqsion of Li's sharing ia F Li Gis) (G)_ Console seen of comprehensive income fr the yr ended 30 September 205 (2mm (rae 30 mars) ouesniox wo. (3) Inge eponing (I) sina rom meshes and fen approach caper peng. sees tolmprovethe at) OF afrmaicn aaa revises of Thal cpl te cmb oe efit and pode Soon ofp Wi cefrens tothe above semen, iat six cote lemens han ya een shoul comin, ()) Tabu Liisa pinte compan. To uate ofthe bed sharp of he company edt he dees ad ‘member of eine ly. The empny's a sate of nc posten a 31 Decnber 2018 was eet eel eee 0% Feri San Tlie cs: logs Part Ht Cartes cone 25000 me rr Sapo ss0n0 pe eee ini woman YG Neen ena > aut ER tapi (4.16 49 soa oeens ote peeiae sini seo ‘a Bask oes and overs cent of 10% lean 2 40 milion cringe che on he emp’ bulking dan asc overra $6287 mien ‘Th tan forthe spans pss ha fen deel een Years og othe impanaion of i lily nd cater arsine prodt om Sowa Ala The dvelopmen cot appeaing he Serta Fron lat toa ac prot tat as eon preted 1 1 rele sage To wie tee eleve ob tone dcmand. Those fave ten pty aps In actnce withthe prvions of IAS Cre ‘Aset The copa sin ten ce ipl ome eisig lie ané he ecemry now esi a nd weg eat ‘A scheme o eoiston hs been dawn wp fo onion by the sacl and ctor. Te ln fis {ete ara follows 1. The shares $b.0 eich rete writen doa to Sh2 per share and ubsequety ey fie shares Sh2 ch ost ion ly pad se of Sh 1. (463 Page? uate 2 The exiting sels are to subcribe fr sight of 40 Rew Sh. onary ssp for ener share 3. Amr spe src fo chene a et of Sh0 milion ince in de ppb or 18 millon odors 4 tn fllsstcton ofthe SA.6E7 milion owing te ban, he Bak agers eae a nme payment of ‘S.A? millon and somolste the lace of Sh 0 mon inom leancayng heat LM pe na ‘mah ft oa sna! ngallnen somendng 9) Dear 2016 The lean ite be seed by 2 ed ‘Sarge he dings na Noting charge on he company’s emaiing we, 4S. There ane on the shore premium cet aod the dees lses an god, comsidred vases, eo buries of ‘Shot Pa machinery resi Inset, 2a Tne eels Soa. Balings So000 1. Aap of dissed sels ph topos he scheme because hey el they ave Bore an osinate len retain whoa teks st okie 1. Thesompny fas ceed a can ero S120 mon fr is pow-canet andcamet equines: The reve nee of facial poon of Takes a | January 2015 afer cocasion ofthe prope ‘hee of eorasion ‘ior 0) Arepor wth soup of dissed shld adsig on whet te oul ase ot he scheme of rere, (Gus) raat 20 mart) Question ranes, (3) Camara const he relive mers ofthe “itt sto” andthe inst method of pee ‘went oes Rows Mavings Gro Statement of comprehensive acme forthe ear ened 31 October 2018 shin smsmiton” evens sine Confaaes cosa Scare nia Expenses: ~ Admin expenses 3800 Disb cose v0 ‘ian est ‘a feo rot ee tas cc ct ua Prot forth ear io Prof nibble to: The old company too Noncontoing eres uo TH Outer ‘valunt trs fictr tht county shoul sondern ing ther would ben she intr to develop com aecouning sandals ams) ABC Ls. sad 100 share apn to cach of i SOD employes Each grat condita yon the employee striate company ove the et thee years The cra) stim tha the fir ae each share pon 1 “he company also eats tht 20% ofthe anplyse wl eve ving the treet pl nk thee, quire [Detemine how ABC Ls woul ascot Fr te share options in each of the te yeas in accordance wit he regen oF FRS 2 (Shares Payment rn) (ota: 20 mar) Ass races omer 2s rou ‘inion Sha Proper plat and eum 5.080 is il geo 1960 Invement = Inasoctesruny 2 therm ee ‘Mode recenables 2920 ‘Coin ad ah Trae ina ios apie an aii: Jinan sae ata awe Sree Nie Role eve a Renin rote 2 Nocona interest 0 Non Corcet init Daten 10 00 arent ais pats ate hae eared eapeses 00 a Benkeveah ‘ao ae 8 si nave as sina information: a tng witha origin ot S680 milion ad net bok valu of 360 ion were sold %, 2st mn dg he yea ended St ibe 205, 2 fers the eee 3 Oar “The flloing infront proper, plam and eget: Wotaberanig 31 Ober 2014 Smiter Shion” con ‘00 ‘aa Detresiation Gry con Neth ae ‘iano aan Daring hp nied 3 October 205, Mowing ro acquled BO ofthe share apa of Mowe Li Then msn of Mowe Lid were floss the da Ho ppm cnn ‘s | Tre retvbtes “10 Deere =) Tate pes fe) tn See it) Talon iso 0 2), Te ot ofthe proper pln and machinery f Mwene Lon he ef auston ws Sh 00 ion dhe ‘sult rein vas 8.30 rin TREN joe ened 31 Oceber 203 thee m8 a evan ain of Sh.20 millon stb tte Bling ompans propery lm and malo x03 Pages Ontate 4. Tectteriavesns wer sol fr Sh.240 millon ding he et 5 The oul prlae peo he 8% sal in Mowe Li wat SA.360 milion which was pail by ui Sh milion wort of shares a parvo hth ans big pad inca The group statement of cath flows, using the iniect metho. for the year ended 31 Ostober 2015 conformity with Uhereguiaments FIN 7(Satomat of Cat Fl) (Goma) (oa: 30 ars} ‘urstioy rouR @ » © Ine coment of AS 38 (intangible At). sus the sxouing teen franks in an ey’ books face (man) vat the poet problems haan ines might encour in ling unc empbass the cris pe share (5) te. acts) Winn Li mie company san ator share capo h.000 milion comprising 60 milion asian shares ach Sb par alu nd 30 milion 10h coven pees sre cach oF 3 ar tle (| Janay 2013, he company ha ia sue 160 milion arnary ses and 30 milion 10% sonveible preteens I te pretence shares were fay ps Shares being Bs pi ile ely 100 ition oy shares wee fy pad th The flowing transactions tok place in he ers endo 31 December 2013 a3) December 01 1. ‘The pany pa ony sae of Sh parva wre aly pion 1 Api 201. 2 Ont Jun 2013, he compa sdf consideration 72 min onary stares of Sb. pr ale SAA exch in {al selene mht pec herds hare on hi oy me SD pe share. 3. On September 2013 the company ued 4 mon sy shares of Shc a fae Sh.12 pa be Inve of he prcase osidenton on th scion of proper, 4. Ont Mare 201 he company ful one ly pa nls sae fot evry §oiay ses cutting at 5 Duetolow markt pie pr cedinayshr tthe ecartesechangs, he company did: fe a omoliton the shares (eves spi) sd sed ne ew odor sae ofS. ar vale fr ey custndng {lp pny shares oF Shs parse Tis ns don on | Agu 2016 6, On 1 Ocber 204, olde 1 lca 10% comer pene shares convened these sues in nina ‘Gare. Te fence shares ware convenient eight fl pd ody shares of Sh orev te aly pe Tove pretence shares of Sh20 ach. "Anappipine adja the mune of ena ses ale om ‘neon of preference tae st be eee fr ay edary sae tor ccston ha maybe eae ‘sit Prfcncesarebidrs ne cid dvdsde wpe date convers ofthe sas. 2. The company mae a Ret poi alr tx af 22875 millon Inthe hea shed" Deemer 2013 and 'Sh2526 milion nthe yar de 31 esenbr 24 uit () Base Eons Po hare) cach of theo ser ends 31 Desembr 2013 a 1 Desrbe 204 Goan) {These Base Earns Per Shine (EPS) fo he yer ene 31 Dect 201 at 31 December 204 (mas) (Toute 20 marks) ‘questioy Five o » Wilh eens to IPSAS 9 (Revenue rom Exchange Tnsction) difeniae ben “exchange transactions” an nan-eshang rasa” ‘arate Directors a hey decision-makers, shold oversee the inpleenition of hah standards troupout the Snnca ‘epaing roe They shold work with manager opment ened and ane! tsounng sym ‘tr etectvey colts and eps ncaa aers company ey chi Inthe ones ofthe shove obser, helt ort oF nfrmaon hat shld be inl ia ss rp ‘mas s é CA63 Pace S| <4 outer G00 KASNEB a Conan misecrioy 6 % ADVANCED FINANCIAL REPORTING Y mor raven Serene 215. Tie tert 3 our Answer ALL qestons Mart lleted Wo eck question areshown athe en of th quo, Show ALL our marines ‘Question ove Khan ioe in he maa sector. The company ha ives wo ther company. The da senca ofFianit ‘oston 0 Api 20S for Khas Lian anv cones Coty Land Gas Ld wat pres blow Khon bid Chaby Lad Gh kak similis” ‘Sk"aiten” Shelton” Proper plat sndeupment 6590 4.000 200 Invesmensin= ChebyLid. 3.350 omc. = i usa a0 0, Cone sets ate ima i im =m 210 ato Rene amine oa a0 Oberranes, “is 2 Eis isso Cue bes 2 am Ba 0 8 of Choy Lid on | May 2012 fr sth consideration S200 ion wl the fi vale ‘Chay Lids tenia see was Sh.3.60 lon Khan Li. etd the insect in cap 01) 20s" is sae of post aeglstion pois Choby sod x Sh-B0maion and eshte of pst hueton ‘walt serve ms Sh20 millon On ths date Khas Ls squire ft A fhe olony se of Chay 1 for ach cnsrton of S380 milion hry aging cmt 2. Onl May 2014 the fe vale of Coby Lids eae nt ats as Sh S00 The fv ef the imeest a ‘hoby Lid held ty Kn Lt ble te cmbaton mas Shit min and te fe ae et he Ds ma ‘lig leet was sussed st Sh 40 lon, Rend ening of Chby Led on tN) 30 df ter ‘eserves were Sh. 1400malion and S440 lon respectively, Nom soning iets tured tf value op ass state 3. Brie die ofthe buries combination with Cnaby Li, Khan Lid indi the hr vale of Chat Li on ‘esogrsed oninget Tait i espe fp! cla gn Chay Lin the onto S2 milion mot was vied on August 2018 1 S.0 milion, The anon hat mt the cir recogni 2 pve “nde ure aes an he revo sma eed oes surement pind shuren 4 Wan, ung ity a easing au of Sha lina had oe ode nthe vale of Gbby i ‘m1 May 2014. The ulligs hd a rlig ssl Heo 20 years on ht ate an Kh Lid cose independent valution sich wa sitsequely receive on 1 Sener 2014 yt ns dss ofS mlion ‘he pope, pla and equpment of Chby Lidonaquson ue This drt dl fe he i ae of th ‘contin imeet nd hs en vce in te nae sets Th eset a la of tat ve he caring vl op | May 2048 dc toan nee th vale of un drei nd ecstasy 5. On May 2014 Kino Lt led 3% of the ey intrest of ax 1 anne Sk 400 on cach The it ‘ale fet ee ast ar Sh 1920 lie and ths af ton cong interes ns de Was 1.30 millon The retained easing an ter reserves of Cha Lid om aston dite wee Sh 0 len od S30 millon napecvly. Th exces in iad toto wrap anise eh whieh Kun Ltr ‘Gh ion May 203 fo 3 yeas On th dt a esto, te ance cul be da mah we, {€A63 Plo Paper age 1 Out 4 6 On 30 Apa 2014, Khon Li. cares a propery in ts ancl samen tts eae amount of $128 milion, Depeitin i ered a Sh 0.00 per trum ob igh iets I Ags 2014 te manigeren desde © ‘eth se andi es averted fre an by 3 Augas 2014 the sale ns consid hh pebble ad th ‘Sirs fr nmr satel for ale was me. On rd vo he tse we S308 on a ‘lui re war Sh. ln Cons sl he se et stint Sn.6O0DIO. On 0 ApH 2015 the set as {old or S312 min, Nocnes ve Soe mae she cash proces he sale ne a eed ual 31 My Dots Towa does! meal Costa semen of ancl psiton fr Khan ropa 30 Api 28 20.) question wo. in Leds ea lane 30 Jane 2015 was los Revenue 20280 Contos ‘rary shares S00 cach 000 elon oe 500 Retina earings 1 uly 2014 690 nd bangs (lad ion) 75.000 Fanci caie a ie value 25500 “Trade receivables 279 Detoredine 00 Trae pgs 5080 im | a FeO Dl 2018 Cody U3 sold one ofits roc SHS milion incl in evens) nd commie opie Sing sonic and mamtoance forte years om the ate francine etme seviing oO 1 ‘Shun per annus and Cds Ud son pita on is tp of ening 25 lore osning hy La. sed S375 milion 8 lon I Jay 2014 se Cvs wee Sh) mica neler amir ‘experss terest pi aay on 30 Jane ech eat, The fan wil be Yescmel on 30 Jue 2017 as prem Sieh sn eee interest te of 5. Chg) Li hs bee arying land ae adios dep cs sig te cost node However deta eerie tn pice the company eit eae a prope on ly 204A pets lr confined he sale of rope) a Sh90 milion and semen Sh 18 lie) oat ate. Popery ala emai stl Me 15 years and ‘ere ooh eauton sto be ased nthe nome stern rome pais rte ye. 44. Opi Jly 204 indy Lid has prossig pat stile acoso Sh 3 millon noted nthe compat in he ‘a ale The procs the pli efor il case mediate camino ney na indy Ui. wl ve {ocean ap ths an athe end ofthe plans en year Ie Toe presen valve of he se op cic a 10% per ‘Seu wa Sh milion on July 20 an the company hs ater hs cst. Ths ps epee 0% pe Aether pt and elpeot re deprecind 12.5% per ma on recing tls bss. Al deresintion be ‘hargd he sot of nls tnd ara forth cerent year ave a ben cars s. Theva ofinesents wat Sh23 8 ile on 30 June 2018, 6. The bln caren tress ude overpoisn fax aby fr he year ended 30 Jue 2014, Caren ts provision fr th yer ended 30 Jone 2015 ead a Sh. 1 lon Cin Lib table emporay erences 7. Cone tact a 30% as oc Paper aes? On 4 201g In fel and lsc atte for pinto: (a) Sutonetofcompretanve income forthe yar ent 30 ane 215, (2 many (b> Stee of hac poston a a 30 une 2018 (sis) (Toate 20 ar) ‘question Tune (a) Gavin Li partner copen bond fx Sh.609000 redeemable in ive yer ot uy 2014, The effete Intron te 10a te Dod ear a sma ee Require (Gy Nason tbe bond ob refed inthe sateen of ei poi eat 31 December 2015. (mate) (i) oace incre fre yar ending 3 Decor 2015, Oma) (© Sophie La em ited snpany as provided the fllovingifraion with regu to computation of x ‘pene rte jar endo 1 ay 30 Account "a.000 Depreaton ‘oto ‘ori often 32300 opin alonanes ion ‘4.300 Tax expense 25% ia The company hs at et termined ta expen fr te yearend] May 2015, Adina formation: [E° Ascouting pro forth er ede 3 My 2018 was 58,208.00 while dnaons amounted Sh 09 2 _Aneut of mn-cuen asses mover shee fr te yar ended 31 Map 2015 48 5 os: Plat Satare cost June 2014 ‘000 a0 ‘Accrine depecison| June 201619200 3.00 ‘Tanwar down vue Jone2014.” 18500, g 3. Plt depres at 2% per au wig the sight ine ed whe wea ant allowance on an rovied 25% on etn anc as 4. Sclteare development sommenced nthe sear cde 3 My 2011 and was conpltd it the mete Susan ear. The compe saptalied developnen coe which smut Sh 000000 sa aan ‘someced on {Jun 2013 using the sam of dips mth ove he exited wei i of $ yes Sofware “evelopment cos allowed nil fora purposes Inte Yar whitey ene 5. Domes mise bythe smpuny werent mallow {Gop tx rte apple onthe cms earings fr th ear ended 31 Mich 215 i506 and the ‘ompanysexgetede conve peering teapot fs ae (Cher txt cage nth inne see he or ended 31 My 205 (emus) (i) Defoe as init 0 beret inthe sae f fini oon 31 May 2014 (sary Gi) Def mx ability ecm fr he yer nded 3 May 2015 on) (ota 20 mala) ‘questioy rouR (@) Vote Li operates defined rerent ene plan fr employes On Janay 201, the rv ofthe pension pln acts wor Sh 0,00 an he preserve pan bts wae $1.90 00, “he acta stint cunt and ps serve cos fr he er ede 3 December 2014 th 450,00 and 8.90900 reget) Thps soe cost cause yan inp in prin elt commencing 31 December 201 ‘GAGS bt Paper Page 3 Out of Aged ‘The persion plan pid Sh248.000 oo 31 Decemp 3h4 ad onthe Kame dte Vote Lipid SA730.000 zag 3800200 = 2am Tota ass am 5000 nao iy an tiabiie: ‘ndinary shares (Sh pa value) 2n,00 snaon 20,000 Reserves Sore premium p00 2.000 Acai poi oo 3600 5500 Joo 8.000000 3600 costo 28000 Noncurrnt abi Nc lou te 16000 00 12.000 Tindeandatierpuyabes 16.00 «900 hn ankoverdra ts Trsaton 200 26400 do 4000 L900 20.000 Total uy and ailies ‘a $3000 ‘na00 Ass Page Below ea aumnary oF he rls o fr we extcle Li, eaved oi asa the de of staequiion date acquisition, Plat 10.000 15,000 Remaining at aeqlsition was four vestments 2.000 44390, Nochangeinvae sine eequision he book vac ofthe et 6H OA Lid 3 athe dae oF aqui were consid Yo bea eusnable pretation th a ais respecte No dvds ve hoe psd By any the compan ins the year Pros re ead acru vely eur the et 3, Jay 2013 Ld sl gods ot Lt sli pric of Sh mln. These zods ud lath Tad Sh ml hal 2.8 on co WL) hse ode il 4 Dagon fechas on igi bs flyers dpi hazed inthe yf betakens nes pact soo Sho Coniston poton a 3 Mach 201 in asd wih ition] aia sporting tnd ns. ‘Gomes ota 20 mark) $e flowing a bales to Nove Line 231 Mach 2073 Laan bidings ‘ecu dein on plant 20 Fania et vale 26s Covet w : Paewteterce hs {san re aid : theone aw : : Tete cel ast Revert a0 rr hare cpa ‘a 28% foun note 400, Aiton rs (nd an ings) io Deemed ux ha Dante “a a0 aaa ass Page? ‘Ho min The ets us eof lings was 20 ear aa | Api 2012. Depreciation on ag ‘harp at Po ont of sks 20% alt diabuton cost a adnan esses 2 Theeompan canaries on pat tas cot of ShM0 mon The pla van bh it eon 1 Octber 2013 butt ot ha ot oe [Link] a bee ahd he won ales Plats ele S112 pean ning red aloes mh ae appr and chase ees es, 3, Thefrvaue the insstmets elt frst as Sh) rion em 31 te 201 4. Thebalace oft othe wal ane represent an overs of resins Yeas tk teimporary differences. For defer ay assume an average tax rate of 30% 5, Thee loan note sed cn | Oct 2012 unr he rs Inn seq age pein men Te 6 Thestrpnaeaeoum eesti au sues at wa nde {January 2013. The toms cf the ate wee (2) Sitement compreoriv income fr te yet nied 31 Mach 201 (oma) (©) Sitcment ftom positon aa 31 Meh 213 (owas) (ovat 20 marks) ‘question mune Gy) Witheterence to 1FRS2 “Share Bae Pagmet tie etypes sas Bed pape! ronson. Sms) yrs La has de rn 400 cplyses 10 opts ao prs shes rm | Nove 203 he copy has povided he following ets ein te scheme: Yearended ‘Numberatemplscecenpected Faisal of Torave employe ‘each option 31 Ober 2014 2s 3 Outer 2018 is The fir value of he pon will be S20 1 Novrber 2013, The esc pieof heaton wl be SDs th par ae of th company's sare ie ShS. Theerage market pice oh share er th re Sears} October 2016 expe abe S35 Require Show how the company shuld sport he wansations on he shone as per We rules of HERS 2 (Shure aed Payments) verte yar be wll ees er gh on 31 Otober 2016 mats) sire tat al he ployes (0) Neambo La malin! company; preparing a sepenta report fox nBaion in Fania accounts fr the Year ened 3i March 2013. The company bas divided Ks operations Inthe Ble, Maing ol Pakage Subsidiaries but exclude information on associated compass sna Seer ocanntre as kepen'y mitheeraey ‘ots cea Smee cepnausnmeests ieee nso Sua os ineltos edg tal pela sass Sélsmo castme i he vp sane Sinn wins ‘ics Turn many Ses eno AGS Pages ‘question Five "Wah erence to IPSAS 26 npsiment of Cat Generating Ase), exp the meaning he lowing ems: © Vaueinse mas) i) Recverbleamoust mats) (On 1 Janay 2008, Mashonbani County Edu Depanen pce a ping machine at 2 cost of S40 milion Te Spatment xinatd tht he wef! ie fhe mehine wou be yea. On 31 December 2012, tna fepne ht an mora Fas oth mace funtion Gd mol operate expected sui in 8 25% redaction nthe chins sna opt over the ein ive eas of Hs well He The est af 3 new ming marine was Spal milion 31 Bose 2012, Require: ‘The impatient fons 8 at December 2012 using the Servis unis approach, (ona) Inthe ctxt of ISAS 23 (Reve fom Now-echange Traction) summa ie sures of reven rom ronsschange rns econ by ths snd "Sas “The nteratool Accounting Snr Baad (IASB) Franswork rues tat sf set of tna statements should eel Exphin five qualities of ans sttments th rk hm relia (s mas (ota: 2 mark) cas rage outers Asstt allocable o Bening. mixing md pckting ‘sted lenin in Sas by he ack son tober group members ‘Ase bs Kenn conan 1o4ss0 Sots tals To Ker, Takano Ups tas ‘Saks the ening ison her up mambo 5007 Sales deb he sown Usa 32s Epes tolled to Kena, Torani or sand vanes Sass esters tse he pop by Tannin companies Ios apescs mt allacated i nig king polaging resin Sas Tuvan companion members Szs Sales rsiomers ose group ns isin 1am Sas by Kenan conan ter group memes ‘sans ‘Ase se yh packaging bon nsst ‘ses ab he ropa Us sis Semel nto by ty ising 0s Packazing ‘ons Sumer nt poi gsveapical re Kem ies Tanzi sans Consolidate nt poi by indy 2s ‘Coated profi by geographic area anins equiees Thellowingrepons in acordane with IFRS 8 (Reporting Francia nrmaton by Sep) fr inline sal prt ie sna tration sate (Indy seul eport o the yearend 31 March Ui Geogaphiet spent eon fr te Jer ended 31 Maoh 2013. ts roa Wars) 013 Saas) ‘questioy Four. The Ken rou hs repae he lng fil ens rte yar ede 31 Mish 203d 2012 Kengo Group ‘Statement ofcomprehemine lancome for the yer ene 1 March 2013 ‘Shmiion” Shion” Revemie rs Costa te, 0) ‘ross prove a8. (Ghia of sabsiiry so Ste of profit asoite as Dabo bts @ ‘Adminstion expense 180 France co 1, ap Profit m3 teenth cemes ao rt forth prod is Otter comprehensive inom ain revi of “0 Tom conprestive come ics ‘Notrcomtling nee 8 iss yee s sae Kengo Group Statement of financal position asa 1 Mar Gon Investment a sci carrnt asst inventory, Receiales uel ts a a value Totten Stare premio Rewiation serve Reta rots Shreoles fds arbubleo paren ‘Shashldr und atthe bacon eet Bak oars Deters as arent abies ‘Trae payables Caer ‘Ohio ander aan ease ‘ot qty ais ‘Smion” Shmulion” o ‘00 ss im ass as m0 ‘SA*mitlion™ Sh.-mition”™ 10 6% 2210 eam ton “Ss DBs sw 1. Land was realued upwards by ne oling company by Sh 0 milion dig te Year ended Mate 2013 Deprecinon of Sh. milion was hare drt he ear end 1 Mirch 201. 2 5. Aldona property lint and equipment ws cite by say of te amounting S300 ion, 4, Apropery ae sepose a ring the ear ended 31 Match 203 far 230 milion ct The crying nous was ‘SHOE lina he dt of peal Te fous on dso pao tf sa 5. Ont anany 2013, te grup dagoed ofan BSG owed stidy fo S390 lion nah, Te asdiy ad ‘he allowing net sis the ae of sos ‘She maion” Prope plan and sumer "es Inventor 2 Receivabis s Cah s Pobles 30) Caen ax o hao en) a0 ‘he ssi had been gue on | Ape 09 for 3 as payment of 220 milion when ts met att aa ie ‘ale of 3.25 milion a the on canon inet oa valu of $0 milo, 16 Dives pid bythe olin company during the year amounted Sh 0 milion ‘The pou sees of cash ows, in acodance with IAS 7 (Statement of Cash Flows), fo the yer ended 31 March 2013. hs) KASNEB CPAPART IISECTIONS ADVANCED FINANCIAL REPORTING. ‘Anoner ALL qetons. Marks alot ‘QUESTION ONE. sv ee ‘me Allowed hours tocach qeton are shown atthe nd athe questn. Stow ALL your moras Thing Lind company guste onthe scars exchange, acquired 8% of Shika Lined sve yes ago. On | Jarry 23013 ang ine ld alo aves Shika ied i aeqie 7% fhe eu shrs of Sj Lite “The fsncial semens for he Ser ee 30 June 2012 fer te he cmpaies are as ven below Statement of ompretensive income: Hunga Limited ‘Shon oscars G00 ‘Grow profit S00 Otherincomes: Dividends 0 Gun on dpe a sao “xpeses: Serban eons (1200) ‘Admins cots (1400) runes coss a0) Prof before ax aw Income aspen “i0) Protustere 0 Died pai on 30 ape 2012 150) Rewind poi for Be eat i380 Reine pro brough forward 20 Reuine po cated farrd S300 ‘Statement of tani poston a a 30 June 2012 ‘Manga Lined Non-curent asses ‘Shem Per, adapt 0 Shun Lied 1300 oso Cash ba Ordinary sare epi (5.10 pa) Reaited profs Tote ask 2000 Coren abies: ‘asad er ables 2500 Cat 00 20 ‘Tom epit and bes ison 4600) {x00} 100) 090 ny 70 200) 200 ‘ao Shia Limited ‘Stnilion”| “tot a AG Pate outers iad Nod aoued ts shareholding in Shika Limited for Sh 2400 milion when he etaped pois of Shika Limtedamuted to St1-00 milion. There mas of vale ajsnet atthe tme of is acquis. 2, Hings Lime sold ha ote Savesanen in Shika Lined fr Sh $00 milla, rs depos hs ae ben ‘scant fry Hangs Lint bat ot bythe pou, The ae he enn nan Shik Lied was ‘Sr 300 ion onthe dao psa 5, een I Jntary 2012 a 90 Jane 2012; Hangs inte 0 Shas ime goed wr S50 milan rpaing | ‘proi¢oSh.10 wilen. Hao he goods wer stl be vena of Shjoa Limite 53 30 Jue 2012 4. Tromp ecetables nd payables were a lls 3 ane 2012: ‘hemilon” ‘ue fom Shits Lines to Hung Lines En ‘ue from Shas ime to Hs ites 500 5. ASatuly2011, fal ofthe god of Shika Lined hod been inpaited. The goodwill of th companies wee noe ingle inthe carne yer to 30June 2012. The group vse the pari goodwill hod When papas the onli Fnac stent Require: {@)" Group saement of compreensve income forthe yer ended 30 Jue 201, (oma) (©) Group stent of Financia! postion a 3¢ 0 Joe 2012, (omatis) ‘Touat 20 marks) ‘QUESTION Two (2) Evalue two ditrencs between basi eamigs pr sae (BEPS) an diated easing esas (DEPS). mans (©) The towing infomation eles Mai Group for he year ene 30 June 2012 Maj Group ‘Consolidated incon intement esrit forthe year ended 3 June 2012 sn-000" sas000" Group nt poi before tation 500,000 Tete ‘emvan) Group tet poi aer tna 0000 Misery ere stain “0000; Prot autble to many shrcolsers Zinoao Exraordiy Kens ae ton) “oo Dindends ne) Pretereee aso00 2 ondary sow u2so00) Reale eaigs forthe yea 26,00, mn aed sae cit (ly pid) a tay 2011 compte 250,000 10% cumaliivepefrence se of ‘h100 each and 4 milion ora shares of Sh. each 2, Lao capa sar Duly 2001 comprised Sh 500,00,000 7% converble dberwes (convertible ino 200 ‘ray shares per i000 debt ih propose resis fr subqunt Doms susan a the bros element in subsequent rid sb). 3. Changes during th ear ended 10 June 2012 nla he folowing October 201, ge foray shares (raking for iden dug he yar ended 30 June 2012) of ford a S90 per share. The mare rice before the sue wat S100 pore + Samar 2012; coovenin 84100000 oF convene debentures ren 2012, onus ae of rina shire for asc ergs per share fo the year ended 30 ne 2011 was Sh Both orpration x d he ase acne a ats ae 30 Ontets (G) Maj Group's basic eamings pe sar for he ear ended 30 June 2012 a its compartiv fo the yer eet oune 2011 Gomanst (G)—_MajsGroups uty ied caings per share fr he year ended 30 Je 2012 omars) (ota 20 mars) QUESTION THREE (G) Wi efeeice © 1AS 37 (Poisons, ComingemLisilties and Comingen Assen, diereniane betwen « “neeteabliatan” neoringen as” aman) (0) Exphin the weaning of deter “Fran insrumen” inthe contet of IAS 2 (nae sums Presson) and IFRS 9 Fanci lsu). ‘mks (i) Alitetesonog of year 1,3 company gris 20 soir ekcainet 1,000 share options, ac basal Wo oon. Fis. te eicctve hi 10 yorain wi the ens unite end of sem 3 Second the share ‘pions may pot be excised unless he share pee scene trom S10 a the benno Yea To ‘shove S130 athe end of year 3. lth reprise atone Sh 3D athe eno Year the sae options ay Be ehtciseda aytie ring he wet He yeas ‘The entity applies Binomial opson prog mode which take io acon he poly hae the share rie wil exceed S130 athe cad of year 3 fin ths case te share options tae ener) md he Fess atthe share pie il ot exceed Sh 150 at the eof Sear 3 (and then tne onions Wl be Fore). The company estimates he a values of te shar pins wih his nat condition Be Sh option. ‘Alte ed of er the company estimates the tuove of senior executives at 2%. In he second yer one ‘kewtve lesver th company bue he tumoverssimaterenains the sme Dring the td et 0 eguired ‘The remuneration expense for ech year in which am expense meds ob esr inating which coum wile ceded whey he remuneration expt is recoded. ‘Your answer shouldbe in confemity wih he eguemens of IFRS 2 Share Based Payment) (6 aks) (©) WithreferenoeoIPSAS 9 (Revene fom Exchange Transco: ()—_Evahate the objectives ofthe stand Cmts) i Analse he deren between “exchange rasactons” nd non-evehangeansctons. mark) (ota 20 mars) ‘QuEsTION FOUR G) lnbe conte of 4S 19 Employee Bees), eve (—Whenanamounshoulé be esognised as defined bene bili. mais) (The metnent feral stn of oes mats) {iy The tens tat shoul be rocogied nh income ttt Cmts) (©) Vivardatmuses Limit operates a defined bene post etiemen plan fo is employees. The plane revewed saul. The companys slurs hae provide he allowing oration ‘shmion”| Pres alu of obligations a at 31 October 201 S00 Preset ale of blations a 331 October 212 1730 Fairaleof pn asset as ot 1 October 201 100 Fal pln asset as at 31 Oster 2012 sso Corrente cost jer ended 31 October 2012 0 ‘Cotton paid = pear ended 1 October 2012 s ‘ene paid o employes year ended 3 Ocober 2012128 [Neteomlaive recognised guns at1 Noverber2011 200 cass rages Outors

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