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NANYANG TECHNOLOGICAL UNIVERSITY
NANYANG BUSINESS SCHOOL
AY 2018/19 SEMESTER 1
AD1101 – FINANCIAL ACCOUNTING
Seminar 1 for week beginning 13 August 2018
NOTE: A significant number of seminar questions require students to review the annual report
of real companies. To get the maximum benefit from this course it’s important that you know
where information is available in an annual report. “An Investor’s Guide To Reading Annual
Reports” by the Singapore Stock Exchange is available at the following link:
http://www.sgx.com/wps/wcm/connect/sgx_en/home/individual_investor/investor_guide
1. The principal activities of Singapore Airlines Limited (listed on the Singapore
Exchange) consist of passenger and cargo air transportation, engineering services,
training of pilots, air charters and tour wholesaling and related activities. It has evolved
into one of the most respected travel brands around the world. It has one of the world’s
youngest fleet in the air, a network spanning five continents, and the Singapore Girl as its
symbol of quality customer care and service.
The following items are taken from its Statements of Financial Position (also known as
‘Balance Sheet’) and Consolidated Profit And Loss Account for the financial year ended
31 March 2017.
L
(1) Trade and other creditors
(17) Prepayments
(2) Land and buildings
(18) Depreciation
(3) Intangible Assets
(19) Associated Companies
(4) Inventories
(20) Rentals on leased aircrafts
(5) Inflight meals
(21) Deposits and other debtors
(6) Technical stocks and stores
(22) Finance charges
(7) Provisions
(23) Treasury shares
(8) Trade debtors
(24) Amortisation of intangible assets
(9) Investments
(25) Share Capital
(10) Deferred revenue
(26) Sales in advance of carriage
(11) Cash and bank balances
(27) Revenue
(12) Subsidiary Companies
(28) General Reserve
(13) Surplus on disposal of aircraft,
spares and spare engines
(29) Finance lease commitments
(14) Dividends from long-term
investments
(30) Deferred Taxation
(15) Impairment of Impairment of
Property, Plant and Equipment
(31) Non-controlling interests
(16) Joint Venture Companies
Required
For each item in the above table, indicate whether it as an Asset (A), a Liability (L), a
Stockholders’ Equity (SE), a Revenue (R), an Expense (E), a Gain (+G), or a Loss (-
L).
You may need to look at the “Notes to the Financial Statements” for some of the items. Note that
different companies may use different description for similar items.
Examples
Classification
Financial
Statements
(1) Trade and other creditors
A / L / SE ?
FP