Reference no: EM132468998

Question 1. Explain the type of intangible assets owned by ARB?

Question 2. Based on six (6) categories of intangibles assets, in your opinion, which one is the best category of intangible asset to classify the concession asset.

Question 3. Discuss how the initial and subsequent cost for concession assets was determined.

Question 4. Explain how goodwill disclosed in Note 18 was determined. Why this type of goodwill was reported as part of the intangible assets in ARB's?

Question 5. Besides the goodwill that is disclosed in note 18, ARB may have goodwill which it generated internally. Why do you think the internally generated goodwill does not appear in ARB's 2015 financial statement?

Question 6. Based on ARB's financial statements, answer the following:

a) What are the key components/accounts reported in the equity section of the company's statement of financial position?

b) Discuss the differences between distributable reserves and non-distributable reserves.

c) Classify reserves mentioned in Note 28 as distributable and non-distributable reserves.

d) Name two (2) type of reserves classified as non-distributable reserves in ARB's financial statement and explain the purpose of having that reserves.

e) In financial year 2015, ARB has reported fair value changes (gain) of RM3 570,046 in its Statement of Comprehensive Income. Where should this item been reported in equity section?

f) How many ordinary shares have been issued?

g) What is the par value of the ordinary shares?

h) What is the total amount of issued and fully paid capital?

i) What is the total amount of the dividends paid to the shareholders in financial year 2015?

Question 7. What is a treasury share? Explain the requirement under Section 67A, Companies Act 1965 for share repurchase. Did ARB repurchase their shares during the year 2015 and how many? What is the accounting method used by the company to account for share repurchase?

Attachment:- ARBS.rar