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Ia3 Fs Notes Ramos Kaye Ann A.
Ia3 Fs Notes Ramos Kaye Ann A.
₱ 1,100,000
1,770,000
200,000
₱ 3,070,000
5,300,000
1,200,000
560,000
800,000
7,860,000
₱ 10,930,000
₱ 2,680,000
430,000
3,110,000
1,700,000
1,700,000
₱4,810,000
₱ 4,000,000
970,000
1,220,000
30,000
(100,000)
6,120,000
₱ 10,930,000
Note 6: Cash and Cash Equivalent
Cash on hand
Cash in bank
Total Cash and Cash Equivalents
ceivables
₱ 2,000,000
(300,000)
40,000
30,000
₱ 1,770,000
quipment
₱ 900,000
1,200,000
4,800,000
(1,600,000)
₱ 5,300,000
set
₱ 440,000
(80,000)
250,000.00
(50,000)
₱ 560,000
Payables
₱720,000
80,000
2,500,000
(740,000)
120,000
₱ 2,680,000
t Liability
₱ 2,700,000
(1,000,000)
₱ 1,700,000
um
₱ 600,000
300,000
70,000
₱ 970,000
ings
₱ 1,030,000
$ 190,000
₱ 1,220,000
of Equity
₱ 30,000
(100,000)
₱ 70,000
Friendship Co.
Statement of Financial Position
As of December 31 20x1
(amounts in Philippine Peso)
Notes
ASSETS
Current Assets
Cash and Cash Equivalents 4 ₱ 4,240,975
Trade and Other Receivables 5 9,033,111
Inventories 6 22,117,615
Prepaid Expense 7 1,124,364
Held for trading securities 2,834,079
Total Current Assets
Non Current Assets
Investment in Associates 1,290,347
Investment in Equity Securities- FVOCI 987,234
Property Plant and Equipment 8 12,370,960
Loans Receivables Net 9 8,592,522
Deferred Tax Assets 1,092,387
Total Non Current Assets
Total Assets
LIABILITIES
Current Liabilities
Trade and other payable 10 10,302,733
Income tax payable 721,346
Loans Payable - Net 11 7,253,748
Provisions for warranty obligations 432,187
Total Current Liabilities
Non Current Liabilities
Deferred credit 712,788.00
Deferred tax liability 918,732.00
Total Non Current Liabilities
Total Liabilities
EQUITY
Ordinary share capital 20,000,000
Share premium 600,000
Retained Earnings 12 16,344,664
Other components of equity 13 997,369
Total Equity
Total Liabilities and Equity
osition
x1
Peso)
₱ 39,350,144
24,333,450
₱ 63,683,594
₱ 18,710,014
1,631,520
₱ 20,341,534
43,342,060
₱ 63,683,594
Note 4: Cash and Cash Equivalent
Cash on hand ₱ 62,350
Cash in bank BPI (Savings) 1,720,500
Cash in bank BPI (Current) 1,890,234
Cash in bank BDO (Current) 567,891
Total Cash and Cash Equivalent ₱ 4,240,975
Note 6: Inventories
Raw materials inventory ₱ 1,237,938
Work in progress inventory 7,987,908
Finished goods inventory 12,892,309
Total Inventories ₱ 22,117,615