Scribd
Upload
59 views9 pages

Translation of Financial Statements of Foreign Affiliates: Dibuat Oleh: Nyoman Siwantara 125130014

This document provides financial statements for P Co. for the year ending December 31, 2011 in their local currency along with exchange rates to convert to Thai Baht. It includes a balance sheet, income statement, and notes on the acquisition of P Co. by a Thai company. The assistant provides a translation workpaper and verification schedule converting the financial statement line items to Thai Baht using the applicable exchange rates and calculates the cumulative translation adjustment.

Uploaded by

Nyoman Siwantara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
59 views9 pages

Translation of Financial Statements of Foreign Affiliates: Dibuat Oleh: Nyoman Siwantara 125130014

This document provides financial statements for P Co. for the year ending December 31, 2011 in their local currency along with exchange rates to convert to Thai Baht. It includes a balance sheet, income statement, and notes on the acquisition of P Co. by a Thai company. The assistant provides a translation workpaper and verification schedule converting the financial statement line items to Thai Baht using the applicable exchange rates and calculates the cumulative translation adjustment.

Uploaded by

Nyoman Siwantara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 9

TRANSLATION OF FINANCIAL

STATEMENTS OF FOREIGN AFFILIATES


DIBUAT OLEH :
NYOMAN SIWANTARA

125130014

Pada tanggal 1 januari 2011 P Co


yang
berdomisili
di
amerika
diakuisisi oleh S Co sebuah
perusahaan yang berdomisili di
thailand.
Berikut adalah laporan keuangan P
Co. untuk tahun 2011 memakai
mata uang lokal :

P CO.
Balance Sheet
December 31, 2011
December 31
Cash & Accounts Receivable

3,700,000

Merchandise Inventory

2,000,000

Land

1,700,000

Building - net

2,400,000

Equipment - net

1,680,000

Total
Short-term Accounts and Notes

11,480,000
900,000

Long-term Notes

2,720,000

Common Stock

3,200,000

Additional Paid in Capital


Retained Earnings
Total

800,000
3,860,000
11,480,000

P Co.
Consolidated Income and Retained Earnings Statement
For The Year Ended December 31, 2013
Sales

12,900,000

Cost of Good Sold

8,800,000

Gross Profit

4,100,000

Depreciation Expense
Other Expense

400,000
2,320,000

2,720,000

Net Income

1,380,000

January 1 , Retained
Earnings

2,880,000

Total

4,260,000

Less : Dividends Paid


December 31, Retained
Earnings

400,000
3,860,000

Keterangan tambahan :
1. Nilai tukar untuk Baht Thai tahun 2011 adalah sebagai
berikut :
Exchange Rate
Average for 2011

0,7490

December 31, 2011

0,7300

July 1, 2011

0,7420

January 1, 2011

0,7930

2. Dividend sebesar $ 400,000 dibayarkan pada tanggal


1 juli 2011
3. Net Assets Jan 1, 2011 = $ 1,361,243
Diminta :
Buatlah translation workpaper dan skedul verifikasi jika
perusahaan anak menggunakan uang local sebagai mata
uang fungsional.

Income & R/E


Statement
Sales

US$

Trarnslation
Rate

Baht

12,900,000

0,7490

9,662,100

Cost of Good Sold

8,800,000

0,7490

6,591,200

Gross Profit

4,100,000

0,7490

3,070,900

400,000

0,7490

299,600

Other Expense

2,320,000

0,7490

1,737,680

Net Income

1,380,000

R/E Beginning

2,880,000

0,7930

2,283,840

400,000

0,7420

296,800

Depreciation
Expense

Less : Dividends
Paid
R/E Ending

3,860,000

1,033,620

3,020,660

Balance Sheet

US$

Translation
rate

Cash & Accounts


Receivable

3,700,000

0,7300

2,701,000

Merchandise
Inventory

2,000,000

0,7300

1,460,000

Land

1,700,000

0,7300

1,241,000

Building - net

2,400,000

0,7300

1,752,000

Equipment - net

1,680,000

0,7300

1,226,400

Total assets

11,480,00
0

Short-term Accounts
and Notes

Baht

8,380,400

900,000

0,7300

657,000

Long-term Notes

2,720,000

0,7300

1,985,600

Common Stock

3,200,000

0,7930

2,537,600

800,000

0,7930

634,400

Additional Paid in
Capital
Retained Earnings

3,860,000

2,873,786
7,937,386

Verification of Translation
Adjustment

Net Assets

1,361,243

0,7930

1,079,466

Net Income

1,380,000

0,7940

1,095,720

400,000

0,7420

296,800

Dividend
Net Assets 31/12/2011 (
US$ )
Net Assets 31/12/2011 (
Baht )
Cummulative
Translation

1,878,386
3,180,000

0,7300

2,321,400
443,014

You might also like