SUMMA COMPANY
Statement of Financial Position
December 31, 2020

ASSETS

Not
e
Current assets:
₱700,00
Cash and cash equivalents (1) 0
Trade and other
receivables (2) 830,000
1,200,00
Inventory 0
Prepaid Expenses 100,000
₱2,830,00
Total current assets 0

Noncurrent assets:
Property, plant and ₱6,200,0
equipment (3) 00
₱2,000,0
Bond sinking fund 00
Patent 370,000
₱8,570,00
Total noncurrent assets 0

₱11,400,0
Total assets 00

LIABILITIES AND
SHAREHOLDERS' EQUITY
Not
e

Current liabilities
₱2,050,00
Trade and other payables (4) 0
　
Noncurrent liabilities
₱2,000,0
Bonds payable 00
Deferred tax liability 650,000
Total noncurrent ₱2,650,00
liabilities 0

Shareholders' equity
₱3,500,0
Share capital (5) 00
Reserves (6) 500,000
2,700,00
Retained earnings 0
Total shareholders' ₱6,700,00
equity 0

₱11,400,0
Total liabilities and shareholders' equity 00