User Account

All Pages

Case study of venus cellular limited

Assignment Help Financial Accounting
Reference no: EM132419451

Venus Cellular

Venus Cellular Limited ("Venus") is the leading, worldwide provider of a wide variety of telecommunications equipment and services. Its telecommunications equipment and services enable its customers to send or receive virtually any type of voice or data transmission. Its customers include fixed line and wireless telecommunication operators, Internet service providers, governments, and businesses. Venus prepares its financial statements in accordance with International Financial Reporting Standards (IFRSs).

Consolidated Statement of Comprehensive Income

20X1 20X0 (US$ millions except per share data)

Revenues 16,419 15,305

Cost of sales (10,629) (9,539) Gross profit 5,790 5,766

Administrative and selling expenses (2,500) (2,430)

Research and development costs (1,804) (1,863)

Operating income - current 1,486 1,473

Share-based payments (stock option plans) (86) (75)

Restructuring costs (138) (405)

Impairment of capitalized development - (130)

Gain on one time contractual settlement 161 -

Operating income 1,423 863

Interest expense (273) (283)

Interest income 153 131

Finance costs (120) (152)

Income from sale of assets 1,858 244

Income before tax and associates 3,161 955

Income tax expense (114) (45)

Share in net income (losses) of associates (18) (76)

Profit or loss 3,029 834

Dividends (265) (247)

Retained profit or loss 2,764 587

Other comprehensive income:

Cash flow hedges 17 20

Available for sale financial assets (50) 25

Share of other comprehensive income of associates 13 5

Total comprehensive income for the year 2,744 637

Profit or loss for the year attributable to:

Owners of the parent 1,951 537

Noncontrolling interests 1,078 297

Basic earnings per share (in US$) 3.76 1.49

Diluted earnings per share (in US$) 3.76 1.49

Required:

Question A: Identify whether the analysis of expenses in profit or loss is presented by nature or function.

Question B: Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document your conclusions with regard to the appropriateness of the various performance measures.

Question C: Discuss any additional issues you have identified or other observations. Copyright 2010 Deloitte Development LLC All Rights Reserved.

Reference no: EM132419451

Questions Cloud

Case study of plankton corporation : Problem: Plankton Corporation had the following transactions related to short-term investments during 2019:
Statement of cash flows in pounds-sullivan island company : Prepare a statement of cash flows in pounds for Sullivan's Island Company's foreign subsidiary and then translate these amounts into U.S. dollars.
Making foreign direct investments : How can currency risk and political risk be minimized when one is making foreign direct investments?
The conceptual and operational definitions of gang violence : What were the conceptual and operational definitions of gang violence used in the study? Were these definitions effective? Explain.
Case study of venus cellular limited : Venus Cellular Limited ("Venus") is the leading, worldwide provider of a wide variety of telecommunications equipment and services.
Marketing effectiveness analysis assignment : Marketing Effectiveness Analysis Assignment help and solutions:-Sustainability and Social Responsibility,Program Evaluation,
Prepare the journal entry to record initial lease liability : Assuming Kingbird's incremental borrowing rate is 8% and the rate implicit in the lease is unknown, prepare the journal entry to record the initial lease
Trial balance of cx trading : The trial balance of CX Trading as at 31 December 20x5 showed a difference which was posted to a suspense account.
Syria is captured during firefight with marines : An armed terrorist from Syria is captured during a firefight with Marines in Afghanistan.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd