UK Fixed asset reconciliation

[richardb1231]

Hi there,

I'm pretty new to accounting so forgive my ignorance.

I'm having trouble matching up the change in fixed assets over a 1 year period with what I think should have contribute to a change in those assets.

I'm sure that description is as clear as mud!

What I want to do is look at which components should be reflected in the net annual change of fixed assets, so currently I have the following pro forma:

Opening fixed assets
+ capital expenditure
- d & a
- disposals

= closing fixed assets

But when I do this for the company I am looking at, it doesn't work.

Is there something blindingly obvious that I am doing wrong?!

Please help!!

Thanks in advance

 

[Triest123]

Hi there,

I'm pretty new to accounting so forgive my ignorance.

I'm having trouble matching up the change in fixed assets over a 1 year period with what I think should have contribute to a change in those assets.

I'm sure that description is as clear as mud!

What I want to do is look at which components should be reflected in the net annual change of fixed assets, so currently I have the following pro forma:

Opening fixed assets
+ capital expenditure
- d & a
- disposals

= closing fixed assets

But when I do this for the company I am looking at, it doesn't work.

Is there something blindingly obvious that I am doing wrong?!

Please help!!

Thanks in advance

=> What is the meaning of " d & a" ???

 

[richardb1231]

Sorry, depreciation and amortisation

 

[Triest123]

Fixed Assets Movement

Fixed assets (at costs) $
Opening balance at 1 Jan XXX
Add : Additions for the year XXX
Less : Disposal for the year (XXX)
Total Fixed assets at costs XXXX

Accum Depreciation
Opening bal as at 1 Jan XXX
Add : Depreciation for the year XXX
Less : Disposal (XXX)
Total Accum. Depreciation XXXX

Net Book Value as at 31 Dec XXX
===

 

[richardb1231]

Hi triest123,

Thanks a lot for that, it's very helpfull.

I suppose part of what I'm really trying to do is see how elements from the cash flow statements change fixed assets and if we can calculate change in fixed assets purely from looking at the cash flow statement? Is that possible do you know?

Thanks again, I really appreciate your help on this

 

[Triest123]

Hi triest123,

Thanks a lot for that, it's very helpfull.

I suppose part of what I'm really trying to do is see how elements from the cash flow statements change fixed assets and if we can calculate change in fixed assets purely from looking at the cash flow statement? Is that possible do you know?

Thanks again, I really appreciate your help on this

=> The cashflow statement only concerns the cash actually paid for acquiring the
fixed assts and the cash actually received from the disposal of the fixed assets.

So, it is not possible to calculate the fixed assets movement purely from the
cashflow statement

 

[richardb1231]

Ok, thanks again triest123.

So what else would be needed and from which financial statements?

I would like to be able to get as detailed analysis of what has changed fixed assets as possible.

 

[Triest123]

Ok, thanks again triest123.

So what else would be needed and from which financial statements?

I would like to be able to get as detailed analysis of what has changed fixed assets as possible.

=> You should read the "note to account" from the financial statments.