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FR Chapter 3 Q2

The document presents the financial statements for the year ending March 31, 20x7, including a profit and loss statement showing a profit after tax of RM 57, and total comprehensive income of RM 157. The financial position indicates total assets of RM 1,027, with equity comprising ordinary share capital, share premium, revaluation reserve, and retained earnings. The statement of changes in equity reflects a closing balance for retained earnings of RM 265 after accounting for dividends paid and comprehensive income.

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8 views4 pages

FR Chapter 3 Q2

The document presents the financial statements for the year ending March 31, 20x7, including a profit and loss statement showing a profit after tax of RM 57, and total comprehensive income of RM 157. The financial position indicates total assets of RM 1,027, with equity comprising ordinary share capital, share premium, revaluation reserve, and retained earnings. The statement of changes in equity reflects a closing balance for retained earnings of RM 265 after accounting for dividends paid and comprehensive income.

Uploaded by

seong040616
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Statement of profit and loss and other comprehensive income as at year end 31 March 20x7

RM'000
Sales 2165 2165
-) cost of sales 140+1260-85 -1315
gross profit 850
+) other income 15+1 16
-) Distribution cost 295 -295
-) administration cost 250 -250
-) finance cost 25 -25
-)other expenses (depreciation) (5+ 69) -74
Profit before tax 222
-) income tax expenses -165
Profit after tax 57

+) other comprehensive income


gain on property revaluation 100
total comprehensive income 157

Statement of financial position as at year end 31 March 20X7

Non-current asset RM'000


land and building 380+ 100 +100
-) accumulated depreciation -30-5
plant and machinery 400
-) accumulated depreciation -170 -69

Current asset
cash at bank and in hand 3 3
recevables 233 233
inventory 85 85

total asset

Equity
ordinary share capital 270
share premium 80
Revaluation reserve (RS) 20
Retained earning 235-27+57
RS 100
Non-current liability
bank loan 100

current liability
trade payable 27
income tax payable 165

statement of changes in equity

SC SP RE
opening balance RM'000 RM'000 RM'000
changes in euqity 270 80 235
dividend paid -27
total ocmprehensive income 57
closing balance 270 80 265
year end 31 March 20x7

RE

RM’000
580
-35
400
-239
706

321
1027

270
80
20
265
100
735

100

27
165
1027

RS
RM'000
20

100
120

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