Sử dụng một phương pháp tiếp cận dựa trên trường hợp để khám phá các vấn đề kế toán và tài chính tiên tiến tài chính kiểm toán báo cáo và các chủ đề, tham gia khám phá những kế toán tài chính và các khu vực báo cáo kiểm toán tài chính có vấn đề cho các tập đoàn và kiểm toán viên trong những năm gần đây. | Chapter 18 Capital reorganisation reduction and reconstruction 615 a Fair values and liquidation values of assets were Fair values on a going concern basis Liquidation values on a forced sale basis Leasehold premises 360000 100 000 Vehicles and equipment 85 000 35000 Machinery 225000 122 000 Current assets Stock 285000 150 000 Debtors 110000 100 000 b Preference dividends are four years in arrears. c Wages VAT and PAYE would be preferential creditors in a liquidation. d The costs of liquidating Aztec plc were estimated at 55 000. e The costs of reorganisation were estimated at 40 000 these would be paid by Aztec Europe plc and treated as part of the purchase consideration. The finance director prepared the following draft proposal i A new company was to be formed Aztec Europe plc with a share capital of 270 000 in 10p shares to acquire the assets and liabilities of Aztec plc as at 31 December 1993. ii The ordinary shareholders were to receive less than 25 of the ordinary shares in Aztec Europe plc so that the existing preference shareholders and debenture holders each had a significant interest and acting together had control of the new company. iii The arrears of preference dividends were to be cancelled. iv The new company was to issue - 900 000 ordinary shares and 70 000 of 13 debentures to the existing preference shareholders - 1 200 000 ordinary shares and 200 000 of 13 debentures to the existing 11 debenture holders - 600 000 ordinary shares to the existing ordinary shareholders. v The variation of the rights of the shareholders and creditors was to be effected under s. 425 of the Companies Act 1985 which requires that the scheme should be approved by a majority in number and 75 in value of each class of shareholders by a majority in number and 75 in value of each class of creditor affected and by the court. vi The transfer of the assets to Aztec Europe plc was to be effected under s. 427 of the Companies Act 1985 which would ensure that the court dealt with
