ACCOUNTS Assignment: Restated Financial Statements and Analysis

This document presents a comprehensive solution to an ACCOUNTS assignment, focusing on the restatement of financial statements for Coca-Cola Amatil. The assignment includes restated Statements of Movements in Equity, Statements of Financial Position, and Statements of Financial Performance for the years 2015-2018. The solution provides detailed financial data, including equity at the beginning and end of the year, profit, comprehensive income, transactions with shareholders, and a breakdown of current and non-current assets and liabilities. The financial performance section covers revenue, cost of goods sold, expenses, and profit before and after tax. The assignment aims to provide a clear and concise overview of the company's financial health and performance, allowing for a thorough understanding of the restatement process. The solution includes all the necessary financial data and calculations to complete the assignment successfully.

Running head: ACCOUNTS
Accounts
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

1ACCOUNTS
Table of Contents
Step 3: Restating your firm’s financial statement............................................................................2
Bibliography:...................................................................................................................................5

2ACCOUNTS
Step 3: Restating your firm’s financial statement
COCA COLA AMATIL
Restated Statements of Movements in Equity
Years ended [insert balance date, e.g. 30 June]
2018($m 2017($m) 2016 2015
$'000 $'000 $'000 $'000
Equity at beginning of year 1,880 2,274 2,410 1,687
Profit for period 363.0 296.9 335.9 395.9
Other comprehensive income for the
period 363.0 296.9 335.9 395.9
Transactions with shareholders:
share based remuneration 1.7 6.2 4.6 1.1
share buy-back (0.4) (351.2) 0.0 0.0
dividends paid (340.5) (345.8)
(340.0
)
(320.7
)
Total transaction with
shareholders (339.2) (690.8)
(335.4
)
(319.6
)
Equity at end of year 1,900.0 1,880.3
2,410.
3
2,409.
8
COCA COLA AMATIL
Restated Statements of Financial Position
0
2018($
m
2017($m
) 2016 2015
$'000 $'000 $'000 $'000
Current Operating Assets
cash assets 937.4 1,038.0
1,378.
1
1,237.
5
trade and other receivables 961.1 997.9 976.8
1,030.
8
inventories 626.1 670.3 676.4 733.9
derivatives 21.2 20.8 35.2 44.2
current tax assets 34.0 5.1 1.5 9.9
prepayments 63.5 66.7 36.8 71.7
assets held for sale 55.2 0.8 _ _
Total Current Operating Assets 2,698.5 2,799.6
3,104.
8
3,128.
0
Non-current Operating Assets

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property, plant and equipment 1,855.0 1,864.8
1,948.
9
2,019.
9
intangible assets 1,252.4 1,207.9
1,207.
4
1,265.
9
defined benefit superannuation plans 16.7 23.0 20.9 19.1
derivatives 132.5 101.8 124.5 96.1
other receivables 9.3 11.3 14.3 11.2
prepayments 19.5 20.5 17.3 12.8
Total Non-current Operating Assets 3,285.4 3,229.3
3,333.
3
3,425.
0
Total Operating Assets (OA) 5,983.9 6,028.9
6,438
.1
6,553
.0
Current operating Liabilities
trade and other payables 1,246.8 1,191.9
1,194.
4
1,239.
6
other financial liabilities 67.9 64.4 71.8 24.4
employee benefit provisions 82.4 113.8 97.9 119.3
current tax liabilities 14.8 27.6 42.0 35.5
derivatives 32.2 20.2 15.5 43.5
liabilities associated with assets held for sale 45.2 _ _ _
Total 'Current operating Liabilities 1,489.3 1,417.9
1,421.
6
1,462.
3
Non-current operating Liabilities
employee benefit provisions 11.6 13.4 14.1 14.8
deferred tax liabilities 260.8 283.8 156.0 163.0
defined benefit super annuation plans 41.3 42.9 44.3 49.0
derivatives 67.1 68.2 36.9 57.3
Total non-current operating Liabilities 380.8 408.3 251.3 284.1
Total Operating Liabilities (OL) 1,870.1 1,826.2
1,672.
9
1,746.
4
Net Operating Assets (NOA) 4,113.8 4,202.7
4,765.
2
4,806.
6
Financial Obligations
borrowings 2,248.0 1,929.5
1,959.
5
1,972.
2
borrowings 154.2 420.9 421.5 539.0
Total Financial Obligations (FO) 2,402.2 2,350.4
2,381.
0
2,511.
2
Financial Assets
long term deposits _ _ _ 88.1
loan receivable interest bearing 6.5 _ _ _
investments 65.2 28.0 26.1 26.3
held to maturity investments 116.7 0.0 0.0 0.0
Total Financial Assets (FA) 188.4 28.0 26.1 114.4
Equity
share capital 1,920.1 1,920.5
2,271.
7
2,271.
7
treasury shares (12.6) (13.4) (15.7) (16.8)

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reserves 323.4 262.5 393.6 322.9
accumulated losses (686.0) (620.7)
(585.4
)
(491.7
)
Equity attributable to shareholders of coca cola
amatil ltd. 1,544.9 1,548.9
2,064.
2
2,086.
1
non-controlling interests 355.1 331.4 346.1 323.7
Total equity 1,900.0 1,880.3
2,410.
3
2,409.
8
Total NFO + Equity 4,113.8 4,202.7
4,765
.2
4,806
.6
COCA COLA AMATIL
Restated Statements of Financial Performance
Years ended [insert balance date, e.g. 30 June]
2018($m 2017($m) 2016 2015
$'000 $'000 $'000 $'000
Revenue from operations
trading revenue 4,752.3 4,700.4 5,150.8 5,093.6
cost of goods sold (2,751.4) (2,653.0)
(3,011.
9)
(2,953.
4)
delivery (213.3) (219.3) (227.8) (238.4)
Expenses
selling (667.0) (664.0) (703.3) (709.7)
warehousing and distribution (182.2) (169.0) (186.3) (185.4)
support services and others (371.2) (370.9) (615.8) (404.8)
Operating profit before income tax and
interest 617.0 678.0 466.1 660.6
Net finance costs
finance income 31.3 35.6 41.8 34.6
finance costs (89.1) (104.4) (114.8) (120.8)
Profit before income tax 559.2 609.2 393.1 574.4
income tax expense (144.5) (148.9) (135.8) (171.0)
Profit fornthe year 414.7 460.3 257.3 403.4

5ACCOUNTS
Bibliography:
Chakravarthy, J., DeHaan, E., & Rajgopal, S. (2014). Reputation repair after a serious
restatement. The Accounting Review, 89(4), 1329-1363.
Lo, K., Ramos, F., & Rogo, R. (2017). Earnings management and annual report
readability. Journal of Accounting and Economics, 63(1), 1-25.