ROYAL TECH

Part a) Statement of Profit Or Loss for the year ended 31/3/2010

€'000 €'000
Revenue
Less cost of sales:
Opening inventory
Purchases
Closing inventory
GROSS PROFIT
Operating expenses:
Admin
Distribution
Depreciation equipment
Depreciation vehicles
Operating profit
Finance charge
Profit before tax
Taxation
Net profit for year
Part b) Statement of Changes in Equity
Share Asset Rep Profit
Share capital premium Reserve reserve Total
Opening balance
Profit for year
Dividend paid
Transfer
Revaluation
Closing balance
Part c) Statement of financial position as at 31/3/2010

€'000 €'000
ASSETS
Non-current assets:
Equipment
Vehicles
Property
Total non-current assets:
Current assets:
Inventory
Trade and other receivables
Cash and equivalents
Expenses prepaid
TOTAL ASSETS
LIABILITIES
Equity and reserves
Non-current liabilities:
Debenture
Current liabilities:
Tax due
Interest due
Expenses due
Trade and other payables
TOTAL LIABILITIES
ROYAL TECH
Part a) Statement of Profit Or Loss for the y Part b) Statement of Changes in Equity
€'000 €'000 Share capitShare premAsset Rep RProfit reserTotal
Revenue 4350 Opening ba 2000 650 100 134 2884
Less cost of sales: Profit for year 420 420
Opening in 220 Dividend paid -40 -40
Purchases 2150 Transfer 47 -47 0
less closing -250 2120 Revaluation
GROSS PROFIT 2230 Closing bal 2000 650 147 467 3264
Operating expenses:
Admin 860
Distribution 565
Depreciati 180
Depreciatio 135 1740
Operating profit 490
Finance charge -40
Profit before tax 450
Taxation -30
Net profit for year 420
Part c) Statement of financial position as at 31/3/2010
€'000 €'000
ASSETS
Non-current assets:
Equipment 500
Vehicles 315
Property 2350 3165
Total non-current assets:
Current assets:
Inventory 250
Trade and o 460
Cash and eq 90
Expenses p 20 820
TOTAL ASSETS 3985
LIABILITIES
Equity and reserves 3264
Non-current liabilities:
Debenture 500
Current liabilities:
Tax due 18
Interest du 8
Expenses d 15
Trade and o 180 221
TOTAL LIABILITIES 3985