Sunshine

Income Statement for

the year ending September 30, 2014
Note $
Sales 2,025,500
Cost of sales (1,126,000)
Gross profit 899,500
Other operating income 13,000
912,500
Distribution costs (280,200)
Administrative costs (335,300)
Other operating costs (77,400)
Operating profit 219,600 Profit before interest and tax
Interest (30,000)
Profit before tax 189,600
Taxation (16,200)
Profit for the year 173,400 Net Income/Profit

Earnings Per Share (EPS) $ 0.47 Profit attributable to ordinary shar

(173,400 - 4,000)/360,000
ore interest and tax

ibutable to ordinary shareholders / # of ordinary shares outstanding

 Sunshine
Statement of Changes in equity
for the year ended September 30, 2014
Ordinary share 10% Pref Share General Retained Total
capital capital reserves profits
Balance as at Oct 1, 2013 300,000 40,000 60,000 67,500 467,500
Bonus issue 60,000 (60,000) -
Transfer 20,000 (20,000) -
Dividends paid: -
Ordinary (36,000) (36,000)
Preference (4,000) (4,000)
Profit for the year 173,400 173,400
Balance as at 30 September 2014 360,000 40,000 20,000 180,900 600,900
 Sunshine
Statement of Financial Position
As at September 30, 2014
$

Assets
Non current assets
Property, plant & equipment 165,000
Long-term rece'ables (75,000 - 35,000) 40,000
Total non current assets 205,000
Current assets
Inventory 42,600
Trade debtors 336,250
Current portion of long-term rec'ables 35,000
Cash & cash eqiuvalent 127,250
Total current assets 541,100
TOTAL ASSETS 746,100
Equity & Liabilities
Equity
Ordinary share capital 360,000
10% Pref share capital 40,000
General reserves 20,000
Retained earnings 180,900
Total equity 600,900
Non current liabilities
20% long-term loan (150,000 - 50,000) 100,000

Current liabilities
Trade creditors 9,000
Current portion of long-term loan 50,000
Corporation tax 16,200
Total current liabilities 75,200 30,000
TOTAL EQUITY & LIABILITIES 776,100

NB: There is an error regarding loan interest