XXX Company

Statement of Financial Position

As of December 31, 2015
(In thousands)

Assets
Current assets:
Cash and cash equivalents P 1,000
Trading Securities 560
Trade and other receivables (1) 1,480
Inventories 2,600
Prepaid Expenses 140
Total Current Assets 5,780

Non-Current Assets:
Cash surrender value 120
Property, Plant & Equipment (2) 11,600
Intangible Asset (3) 6,700
Other Non-Current Assets (4) 1,600
Total Non-Current Assets 20,020
TOTAL ASSETS P 25,800

LIABILITIES AND EQUITY

Current Liabilities:
Trade and Other Payables (5) 2,000
Total Current Liabilities 2,000

Non-Current Liabilities:
Bonds Payable (6) 12,000
Total Non-Current Liabilities 12,000
TOTAL LIABILITIES P14,000

Shareholder’s Equity:
Ordinary Share Capital 10,000
Preference Share Capital 4,000
Share Premium 400
Retained Earnings (deficit) (3,600)
Total Shareholder’s Equity 11,800
TOTAL LIABILITIES & SHAREHOLDER’S EQUITY P25,800
Note 1: Trade and other Receivables
Accounts Receivable 800
Note Receivable 500
Allowance for Doubtful Accounts (40)
Accrued Interest on Notes Receivable 20
Advance to Others-not currently 200
Collectible P 1,480

Note 2: Property, Plant & Equipment

Land 3,000
Land held for speculation 1,000
Building 10,000
Equipment 2,000
Accumulated Depreciation-Equipment (4,000)
Accumulated Depreciation-Building (4,000)
Total P 11,600

Note 3: Intangible Asset

Lease Rights 200
Computer Software 6,500
Total P 6,700

Note 4: Other Non-Current Assets

Sinking 800
Long-term refundable deposit 100
Preference share redemption fund 700
Total P1,600

Note 5: Trade and Other Payables

Accounts Payable 800
Notes Payable 600
Dividends Payable 240
SSS Payable 20
Withholding Tax Payable 60
Accrued Salaries 200
Unearned Rent Income 80
Total P2,000

Note 6:
Bonds Payable 10,000
Premium on Bonds Payable 2,000
Total P12,000