EX.3.

7 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF WILLIAM FOR THE YEARS
ENDED 30 JUNE 2013
Revenue 950,000
Cost of sales 600,000
Gross profit 350,000
Other operating income 35,000
Distribution costs (50,000)
Administrative expenses (30,000)
Profit from operations 305,000
Finance costs (15,000)
Share of profit/(loss) of associates -
Profit before tax 290,000
Income tax expense (75,000)
Profit for the year 215,000

Other comprehensive income:

Foreign exchange gain arsing from the translation of foreign operation -
Gain/(loss) on property revaluation 20,000
Loss on valuation of available for sale imvestment -
Other comprehensive income for year 20,000
Total comprehensive income for year 235,000

EX.3.10 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF OLIVER FOR THE
YEARS ENDED 30 JUNE 2013
Revenue 1,300,000
Cost of sales 820,000 Other comprehensive income
Gross profit 480,000 Foreign exchange gains arisingg from
Other operating income 41,000 asset revaluation
Legal and professional fees (13,000) Income tax relating to asset revaluati
Other expense (2,000) other comprehensive income for ye
Research expense (51,000) comprehensive income for the year
Advertising expense (25,000) Total comprehensive income for the
Distribution costs (48,000)
Borrowing cots (34,000)
Administrative expenses 239,000
Profit from operations 587,000
Finance costs -
Share of profit/(loss) of associates -
Profit before tax 587,000
Income tax expense (31,000)
Profit for the year 556,000
OR THE

prehensive income
change gains arisingg from the translation of operations 0
uation 100,000
relating to asset revaluation 0
prehensive income for year (30,000)
nsive income for the year. 70,000
rehensive income for the year. 626,000