358 Accounting: Business Reporting for Decision Making
Decore
Balance sheet as at 31 December
2015
$ millions2014
$ millions
Short-term liabilities
Other payables2 198
2 6272 382
2 260
Total current liabilities 4 826 4 642
Long term liabilities
Other non-current liabilities775
929999
946
Total non-current liabilities 1 704 1 845
Equity 15 804 14 524Self-evaluation activities
8.1 The balance sheet of Review Ltd is presented as follows. LO3
Review Ltd
Balance sheet as at 30 June
2017 2016
CURRENT ASSETS
Cash and cash equivalents
Account receivable
Inventories
Prepayments
Other current assets$ 23 092
29 588
18 966
11 740
21 000$ 18 952
25 750
25 094
14 600
17 530
Total current assets 104 386 101 926
NON-CURRENT ASSETS
Property, plant and equipment
Agricultural assets
Intangible assets87 174
53 748
32 97071 722
49 368
40 904
Total non-current assets 173 892 161 994
Total assets 278 278 263 920
CURRENT LIABILITIES
Account payable
Short-term borrowings
Current tax liabilities34 738
44 000
29 25027 156
56 000
25 086
Total current liabilities $ 107 988 $ 108 242
NON-CURRENT LIABILITIES
Long-term borrowings
Deferred tax liabilities$92 500
43 316$78 000
49 748
Total non-current liabilities 135 816 127 748
Total liabilities 243 804 235 990
Net assets 34 474 27 930
EQUITY
Issued capital
Retained earnings21 000
13 47417 000
10 930
Total equity $ 34 474 $ 27 930Required
Prepare (a) a horizontal analysis and (b) a vertical analysis of the balance sheets.(continued)