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Gross Profit 25,450.00

This document summarizes the financial performance and position of a company. It reported revenue of $132,000 and net profit of $4,860. Its assets totaled $86,450, including non-current assets of $49,000 and current assets of $37,450. Liabilities included non-current liabilities of $18,320 and current liabilities of $23,670. The company had total equity of $44,560, with share capital of $30,000 and retained earnings of $9,560.

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27 views

Gross Profit 25,450.00

This document summarizes the financial performance and position of a company. It reported revenue of $132,000 and net profit of $4,860. Its assets totaled $86,450, including non-current assets of $49,000 and current assets of $37,450. Liabilities included non-current liabilities of $18,320 and current liabilities of $23,670. The company had total equity of $44,560, with share capital of $30,000 and retained earnings of $9,560.

Uploaded by

Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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double enty

Revenue 132,000.00
cost of sale (106,550.00)
Gross profit 25,450.00
investment income 1,000.00
Distribution cost (7,400.00)
adminstration expense (8,000.00)
finance cost (2,790.00)
Profit before tax b 8,260.00
tax expense (3,400.00) 2 Finance cost
Profit After tax 4,860.00 loan note

3
Statement of change Equity
SC SP RE Total
B/d 25,000.00 2,000.00 8,600.00 35,600.00
right issue 5,000.00 3,000.00 8,000.00
TCI 4,860.00 4,860.00
Dividend (3,900.00) (3,900.00)
C/d 30,000.00 5,000.00 9,560.00 44,560.00

statement of financial position


Non -current Asset 49,000
Finance Asset 6,500

Current Asset
inventory 11,700
Receivable 18,500
prepaid rent 750
Total Asset 86,450

Equity
share capital 30,000.00
Share premium 5,000.00
retained eaning 9,560.00
-

Non-current Liblities
loan note 15000
DTL 3000
Envirmental cost 4320
lease liabilties 3747

current
bank 1900
trade payable 9400
provision tax 3500
lese liablities CL 1023
Total Equity and Libalities 86,450.00

Earning per share


Profit Attributated to ordinary share hol 4,860
WANOS 28,298
Basic EPS 17.17cents

E) extracts from the statement of cash flow

Cash flow from investment Activities


Purchase of PPE (14,000)
Sale of financial Asset 1,600

Cash flow from financing Activties


issuance of share 8,000
repayment loan note (5,000)
repayment lease payment (3,230)
dividend paid (3,900)
working

OSC sp Ratio
bld 25000 2000 5
right issue 5000 3000 1
C/D 30000 5000 6

bank 8000
800 5800 OSC 5000
5000 SP 3000
suspense Account 5800

Finance cost 320 incorrecr


Environmental prov 320 Suspense Acc 5800
Bank 5800
Depreciation 17000
PPE 17000 correct entry
Finance cost 800
finance cost 570 Loan note 5000
lease obligation TB 4200 Bank 5800
Lease obligation CL 1023
lease obligation NCL 3747
item i item two
finance Asset 500 cost 14000 PV lease p 8000
investment incom 500 dismanlting 4000 less deposi -2300
18000 less instal -1500
Deprecition 3600 4200
cost of sale 1250 NBV 14400
prepaid lease 750
Lease payment 2000 year interst rentals repaymentC/d
0- - - 8000
0 2300 2300 5700
1 570 1500 930 4770
tax expense 3500 2 477 1500 1023 3747
Prov dismantling 3500 CL NCL

lease rental 1000 libalities


tax expense 300 year 4 DTL b/d 2700
DTL 300 4000 DTL c/d 3000
lease premium 1000 year 300
total year 5000
Expense per year 1250 share
1-Apr-14 opening 25000
1-Oct-14 right issue 5000
closing 30000

adjustment factor
5 2.5 12.5
1 1.6 1.6
6 14.1
TREP 2.35
AF 1.06 MKT price/TREP
yes

month AF WANOS
0.5 1.06 13297.8723404
0
0.5 15000
28,298

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