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 JUN
2013
Revenue 1,300,000
Cost of sales (820,000)
Gross profit 480,000
Other operating income 41,000 2000+26000+10000+1000
Administrative expenses (210,000) 1000+51000+7000+72000+13000+30000+14000+1600
Distribution costs (175,000) 25000+97000+32000+16000+5000
Profit from operations 136,000
Finance costs (34,000)
Share of profit/(loss) of associates -
Profit before tax 102,000
Income tax expense (31,000)
Profit for the year 71,000

Other comprehensive income

Foreign exchange gains arisingg from the translation of operations 0
asset revaluation 100,000
Income tax relating to asset revaluation 0
other comprehensive income for year (30,000)
comprehensive income for the year. 70,000
Total comprehensive income for the year. 141,000
IVER FOR THE YEARS ENDED 30 JUNE

+72000+13000+30000+14000+16000+5000+2000
00+16000+5000