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