Olubunmi Oki

Student Number: 159049105

CT2 Components 7, 8 and 9 Assignment

1. Olmec Plcs statement of comprehensive income
Revenue
Cost of sales
Cost of inventory sold:
Opening inventory
Purchases
Manufacturing salaries
Depreciation of machinery
Gross profit
Distribution costs:
Marketing expenses
Administration:
Administrative expenses
Directors remuneration
Operating profit
Finance income
Finance cost
Net profit before tax
Tax expense
Profit after tax
Other comprehensive income
Gain on revaluation
Total comprehensive income
Earnings per share for profit attributable to equity
holders

000s
13,000
(700)
(1,600)
(1,700)
(8,000)
1,000
(500)
(800)
(600)
(1680)

Statement of Financial Position

ASSESTS
Non-current assets
1

Olubunmi Oki
Student Number: 159049105
Property, plant &equipment
Intangible assets
Current assets
Inventories
Trade receivables
Other current assets
Cash
Total assets
EQUITY AND LIABILITIES
Share capital
Other reserves
Retained earnings
Toatl equity
Non-current liabilities
Long-term borrowings
Long-term provisions
Total non-current liabilities
Current liabilities
Trade and other payables
Short-term borrowings
Current portion of long-term borrowings
Current tax payable
Short-term provisions
Total current liabilities
Total liabilities
Total equity and liabilities