Exemplar Company ‘Statement of Financial Position December 31, 2019 ASSETS Current assets: Note Cash and cash equivalents ‘Trading securities ‘Trade and other receivables a Inventories Prepaid expenses Total current assets Noncurrent assets Property, plant and equipment @ Long-term investments, 6) Intangible assets «) Other noneurrent assets © Total noncurrent assets Total assets 500,000 280,000 640,000 1,300,000 70.000 5,300,000 1,310,000 3,350,000 150,000 LIABILITIES AND SHAREHOLDERS’ EQUITY Note Current liabilities: “Trade and other payables oy Noneurrent liabilities: Bonds payable Premium on bonds payable Total noncurrent liabilities ‘Shareholders’ equity: Share capital a Reserves s) Retained earnings (deficit) Total shareholders’ equity al liabilities and shareholders” equity Note 1 - Trade and other receivables Accounts receivable Allowance for doubtful accounts Notes receivable Accrued interest on notes receivable Total 5,000,000 1,000,000 7,000,000 "700,000 (1,800,000) 2,790,000 110,000 12,900,000 1,000,000 6,000,000 5,900,000 12.900,000 400,000 ( 20,000) 250,000 10,000 640,000Note 2 - Property, plant and equipment Cost Land 1,500,000 Building 5,000,000 Equipment 1,000,000 Total 7,500,000 Note 3 - Long-term investments Land held for speculation Sinking fund Preference share redemption find Cash surrender value Total Note 4 - Intangible assets Computer software Patent Total Note 5 - Other noncurrent assets Advanees to officers, not collectible currently Long-term refundable deposit Total Note 6 - Trade and other payables Accounts payable Notes payable Unearned rent income SSS payable Accrued salaries Dividends payable Withholding tax payable Total Note 7 ~ Share capital Preference share capital Ordinary share capital Total Note 8 - Reserves Share premium — preference Share premium — ordinary Total Accum. depr. 2,000,000 200,000 2,200,000 Book value 1,500,000 3,000,000 800,000 5,300,000 500,000 400,000 350,000 60,000 1,310,000 ,000 100,000 3,350,000 100,000 0,000 150,000 400,000 300,000 40,000 10,000 100,000 120,000 30,000 1,000,000 2,000,000 5,000,000 7,000,000 500,000 200,000 700,000