THE UNIVERSITY OF MELBOURNE
DEPARTMENT OF ACCOUNTING
ACCT 10001: Accounting Reports and Analysis
Practice Exam No.3 Financial Data
This booklet has 3 pages.
The data contained in this document is to be used to complete Questions 1 to 4 of this
examination.
Refer to the LMS for details regarding the requirements of these questions.
DO NOT submit this document.
This document is protected by copyright. Any unauthorised copying, reproduction or forwarding
of this document is illegal.
© University of Melbourne 2022
WEYWOT LTD provides the following information for consideration in the preparation of its
30 June 2021 financial statements:
DESCRIPTION
$ millions
Accumulated amortisation ....................................................................................................... 1 424
Accumulated depreciation ...................................................................................................... 5 810
Allowance for doubtful debts...................................................................................................... 300
Amortisation expense ................................................................................................................. 193
Borrowings ............................................................................................................................. 11 721
Cash and cash equivalents ....................................................................................................... 2 151
Contributed equity at the previous reporting date .................................................................. 3 884
Cost of sales ........................................................................................................................... 15 107
Depreciation expense ................................................................................................................. 643
Dividends declared and paid .................................................................................................... 3 421
Employee costs ........................................................................................................................ 5 244
Impairment ................................................................................................................................. 101
Income tax expense ................................................................................................................. 1 656
Income tax payable ..................................................................................................................... 120
Intangible assets (cost)............................................................................................................. 2 074
Interest expenses ........................................................................................................................ 288
Inventories ............................................................................................................................... 3 960
Investments ................................................................................................................................ 521
Marketing & distribution expenses .......................................................................................... 6 971
Other comprehensive income ..................................................................................................... 338
Other current assets ................................................................................................................... 742
Other payables ............................................................................................................................ 703
Other receivables ..................................................................................................................... 1 147
Other revenue .......................................................................................................................... 4 925
Property, plant & equipment ................................................................................................. 37 862
Provisions .................................................................................................................................... 574
Sales revenue ......................................................................................................................... 29 030
Trade payables ......................................................................................................................... 2 134
Trade receivables ..................................................................................................................... 7 065
Reserves at the previous reporting date .................................................................................. 1 839
Retained earnings at the previous reporting date ................................................................. 23 947
Unearned revenue ...................................................................................................................... 758
© University of Melbourne 2022
Page 2 of 3
Other information:
Borrowings due within 12 months of reporting date are $4 946 million
Provisions expected to be settled beyond next 12 months are $243 million
All investments are considered long‐term
WEYWOT LTD provides the following information relating to its cash flows during the 30 June 2021
reporting period:
CASH RECEIPTS
$ millions
Accounts receivable ................................................................................................................. 8 584
Cash sales ............................................................................................................................... 24 079
Dividends ...................................................................................................................................... 30
Interest.......................................................................................................................................... 66
Proceeds from non‐current asset disposals .................................................................................. 38
Proceeds from sale of investments ............................................................................................. 590
Proceeds from share issues ...................................................................................................... 1 639
TOTAL RECEIPTS .................................................................................................................... 35 026
CASH PAYMENTS
$ millions
Dividends ................................................................................................................................. 3 421
Employee costs ........................................................................................................................ 3 539
Income tax ............................................................................................................................... 1 352
Intangible acquisitions ................................................................................................................ 296
Loan interest ............................................................................................................................... 292
Loan principal .............................................................................................................................. 680
Property, plant & equipment acquisitions .................................................................................. 994
Suppliers ................................................................................................................................ 23 848
TOTAL PAYMENTS ................................................................................................................. 34 422
© University of Melbourne 2022
Page 3 of 3