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 yea
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
mprehensive income
xchange gains arisingg from the translation of operations 0
100,000
x relating to asset revaluation 0
mprehensive income for year (30,000)
ensive income for the year. 70,000
prehensive income for the year. 626,000