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  • Statement of Comprehensive Income For The Year 31 March 2009

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    Trevoir YungRowe Williams
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    Picklette reported revenues of $1,300,000 for the year ending March 31, 2009. After accounting for costs of goods sold of $370,000, distribution costs of $246,000, and administration costs of $251,000, Picklette realized a profit from operations of $415,000. After deducting finance costs and income tax expense, Picklette earned a profit for the year of $265,000. As of March 31, 2009, Picklette had total assets of $1,169,000 including property, plant, and equipment of $182,000 and current assets of $987,000.

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    Picklette reported revenues of $1,300,000 for the year ending March 31, 2009. After accounting for costs of goods sold of $370,000, distribution costs of $246,000, and administration costs of $251,000, Picklette realized a profit from operations of $415,000. After deducting finance costs and income tax expense, Picklette earned a profit for the year of $265,000. As of March 31, 2009, Picklette had total assets of $1,169,000 including property, plant, and equipment of $182,000 and current assets of $987,000.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views1 page

    Statement of Comprehensive Income For The Year 31 March 2009

    Uploaded by

    Trevoir YungRowe Williams
    Picklette reported revenues of $1,300,000 for the year ending March 31, 2009. After accounting for costs of goods sold of $370,000, distribution costs of $246,000, and administration costs of $251,000, Picklette realized a profit from operations of $415,000. After deducting finance costs and income tax expense, Picklette earned a profit for the year of $265,000. As of March 31, 2009, Picklette had total assets of $1,169,000 including property, plant, and equipment of $182,000 and current assets of $987,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Picklette

    Statement of comprehensive income for the year 31 march 2009__________________


    $ 000 $000
    Revenue 1300
    Cost of goods sold:
    Inventory 150
    Purchases 470
    Less Closing Stock (250)
    Total cost of goods sold 370
    Depreciation 18 388
    Gross Profit 912
    Distribution Cost 246
    Administration Cost 251 (497)
    Profit from operations 415
    Finance Cost (5)
    Profit Before Tax 410
    Income tax expense (145)
    Profit for the year 265

    Statement of financial position as at 31 march 2009


    Non-current assetes $ 000 $000
    Property, plant & equipment 182
    Current Assets
    Inventories 250
    Trade Receivable 728
    Cash at bank an in hand 9 987
    Total Assets 1169
    Equity and Liabilities
    Capital and reserves:
    Share capital 200
    Retain earnings 529
    Total 729
    Non Current Liabilities
    Long term borrowings 80
    Current Liabilities
    Trade & other payables 60
    Current Tax 135
    Total equity and liabilities
    Short term and liabilities 165 440
    1169

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