Using the same company that you were allocated for Assignment 1 obtain the 2013 and 2015 Annual Reports from your company’s website.

7901AFE Accounting and ReportingASSIGNMENT 2Semester 2, 2016DUE DATE: Sunday 9th October 2016DUE TIME: 23:59WEIGHTING: 35%REQUIREMENTS:1. Students are required to complete the project individually.2. Complete the requirements set out below.3. All answers must use proper English expression and grammar.4. Word limits are a maximum number of words required.5. The assignment is marked according to the attached rubric.6. Assignment Coversheet – In addition to submitting your files for eachassignment you MUST also submit a completed Assignment Coversheetindicating that you acknowledge all of the statements in the AcademicIntegrity DeclarationSUBMISSION:The assignment is to be submitted via the submission point in /Assessmentfolder.WORD LENGTH: 2000 – 2500 wordsRequired:Using the same company that you were allocated for Assignment 1 obtain the2013 and 2015 Annual Reports from your company’s website.A. Consolidated Statement of Financial Position for 2015 only(7 marks)1. What depreciation method is used for reporting of property, plant &equipment (PPE)? Does the company disclose assumed useful lives fordepreciation purposes? If so, what are the useful lives of the main categoriesof PPE?2. How is recoverable amount calculated?3. What were the total PPE additions, disposals and depreciation expense forthe period?4. For each PPE category, what is the gross balance, accumulated depreciationand carrying amount at year end? What proportion of the gross balance isthe depreciation expense for each category?5. What categories of intangible assets are reported, and what are theiramounts?6. How much is owed on non-current borrowings at year-end? How much isowed on current borrowings?7. What were the total financing costs (interest expense) for the period?