You are required to provide a written response which highlights four specific items in alphabet plc’s balance sheet that might require adjusting to arrive at an economic value. For each item, explain the type of adjustment and the type of information that might be required before an adjustment could be made to arrive at an economic value for alphabet plc at its 2015 financial year-end.

Fixed assets

Fixed asset investments 27,426

Current assets

Debtors – other 15

Debtors – amounts owed by Group undertakings 7,303

Creditors: Amounts falling due within one year

Non-trade creditors (1,467)

Interest-bearing loans and borrowings (912)

                                                          (2,379)

Net current assets 4,939

Total assets less current liabilities 32,365

Creditors: Amounts falling due after more than one year

Amounts owed to Group undertakings (283)

Interest-bearing loans and borrowings (7,889)

                                                             (8,172)

Net assets                                              24,193

Capital and reserves

Called-up share capital                               316

Share premium account                             4,261

Capital redemption reserve                         153

Other reserves                                           2,754

Profit and loss account                              16,709

Shareholders’ funds                                   24,193