Equity Share Capital Listed on a Stock Exchange

Order Instructions:

Required to choose a company that operates in one of the following three business sectors:
• Retail
• Food and beverage manufacture
• Hotels

The company you select should have its equity share capital listed on a stock exchange. It should publish its annual financial statements and annual report in English, and the most recent financial statements and report in English should be accessible on the company’s website. If the company operates in several business sectors, its main activity should be one of the three business sectors listed above.

You are required to write a report of around 2,000 words (excluding the reference list and excluding any factual material about the company included in appendices), which covers the following three aspects:

(a) Identify the principal types of non-current (fixed) asset owned by your chosen company (depending on the company chosen, these may be intangibles or tangibles, or both – if there are many different types of non-current asset, restrict your report to the three most significant types of asset).
(b) Discuss the problems that your chosen company is likely to have to deal with in order to measure the fair value of the types of asset you have identified.
(c) Comment on whether the IASB’s approach to fair value measurement is actually practical for companies with non-current assets that are not actively traded on broad and deep markets.