Revenue 768,000.

00
Recoverable Costs 11,000.00
Less: Advance Payments (5,000.00)

5% Pref Shares
6.42% 5%
Year Bal B/F Interest/Finance Cost Payment-Interest
31/12/2011 240,000.00 15,408.00 12,000.00

Finance Cost 30,650.00

Interest or the Yr 15,408.00
Dividends_Ord Shares (20,250.00)

SOCE
Increase our Ord Shares by 27,000.00
Reduce our R/E by 27,000.00

Details Land Buildings

Bal B/Fwd 300,000.00 572,000.00
Acc Dep - (37,500.00)
Dep for the Yr - (13,000.00)
Reval. Adj - 37,500.00

Bal C/Fwd 300,000.00 559,000.00

Dr: R/E 50,000.00

Cr: Admin Exp 50,000.00

Dr: R/E 50,000.00

Cr: Liability 50,000.00

Dr: Liability 50,000.00

Cr: Cash 50,000.00

Production Costs Total Costs

Direct Costs 176,000.00
Fixed Production Ohds 153,600.00

Units
Closing Inventory 1,500.00

Dr: Cash 50,000.00

 Cr: Revenue

Dr: Revenue 50,000.00

Cr: Deferred Income
Cr: Other Income

DR: R/E 20,250.00

Cr: FC

5% Pref Shares
0.06 0.05
Year Bal B/F Interest/Finance Cost Payment-Interest Bal C/Fwd
31/12/2011 240,000.00 15,408.00 12,000.00 243,408.00
31/12/2012 243,408.00 15,626.79 12,000.00 247,034.79
31/12/2013 247,034.79 247,034.79
31/12/2014 247,034.79 247,034.79
31/12/2015 247,034.79 247,034.79
31/12/2016 247,034.79 247,034.79
-
 27,000.00

Bal C/Fwd
243,408.00

Dr: F Cost 15,408.00 Dr: Cost

Cr: Interest Payable 15,408.00 Dr: Acc Dep
Cr: Revaluation

Cr: Rev

Plant & Machinery Totals 75,700.00 15% 11,355.00

76,900.00 948,900.00 1,200.00 3.00 400.00
(29,800.00) (67,300.00)
(11,755.00) (24,755.00) (24,755.00) Dr: Depr 24,755.00
- 37,500.00 Cr: Acc Dep 24,755.00

35,345.00 894,345.00

Prepayments
Dr: Prepaid Expenses 10,500.00
Cr: Admin Expenses 10,500.00

Accruals
Dr: Other Operating Expenses 12,600.00
Cr: Accrued Op. Expenses 12,600.00

Level of activity U.C

10,000.00 17.60
12,000.00 12.80
Budgeted Level of Ac 30.40

Unit Cost Closing Inventory Value

30.40 45,600.00

Revenue
50,000.00 Other Revenue

25,000.00
25,000.00

20,250.00

20,250.00
30,000.00
37,500.00
67,500.00
30,000.00
37,500.00
 Giyani Plc
Statement of Profit & Loss for the year ended 31st Dec 2011
Amount Amount
Revenue 768,000.00
Recoverable Costs 11,000.00
Advance Payments (5,000.00)
Grant (50,000.00)
Net Revenue 724,000.00
Cost of Sales
Production Cost 329,600.00
Opening Inventory 15,900.00
Closing Inventory (45,600.00)
Dep of P & M 11,755.00
Net Cost of Sales 311,655.00

Gross Profit 412,345.00

Admin. Expenses
Admin. Expenses 152,600.00
Electricity- Prior Error (50,000.00)
Prepaid Expenses (10,500.00)
Net Admin Expenses 92,100.00

Other Operating Costs

T/b 21,300.00
Accrued Expenses 12,600.00
Dep on buildings 13,000.00
Net Operating Expenses 46,900.00
Other Income- Grant 25,000.00

Operating Profits 298,345.00

Finance Costs
Finance Costs 30,650.00
Pref Shares Interest 15,408.00
Ord Share cap (20,250.00)
Net Finance Costs 25,808.00

Profit before Tax 272,537.00

Income Tax 67,600.00

Profit for the year 204,937.00

 Giyani Plc
Statement of Changes in Equity for the year ended 31st Dec 2011
Details Share Cap R/Earnings Revaluation Totals
Balance B/Fwd 135,000.00 159,050.00 150,500.00 444,550.00
Prior Period Error - (50,000.00) - (50,000.00)
Accurate Opening Bal 135,000.00 109,050.00 150,500.00 394,550.00
Revaluation - - 37,500.00 37,500.00
Issues 27,000.00 (27,000.00) - -
Dividends - (20,250.00) - (20,250.00)
Profit for the Yr - 204,937.00 - 204,937.00
Bal C/Fwd 162,000.00 266,737.00 188,000.00 616,737.00
 Giyani Plc
Statement of financial position as at 31st Dec 2011
Non-Current Assets Amount Amount
P.P.E 894,345.00

Current Assets
Inventory 45,600.00
Trade Receivables 46,500.00
Prepayments 10,500.00
Cash & Bank 28,200.00
Recoverable Costs_Receivables 6,000.00
136,800.00

Total Assets 1,031,145.00

Equity & Liabilities

SOCE
Share Capital 162,000.00
Retained Earnings 266,737.00
Revaluation 188,000.00
616,737.00
Non-Current Liabilities
5% Redeemable. Pref Shares 243,408.00 243,408.00

Current Liabilities
Trade Payables 53,800.00
Accrued Expenses 12,600.00
Tax Payable 67,600.00
Deferred Income 25,000.00
Coupon Payable 12,000.00
171,000.00

Total Equity & Liability 1,031,145.00

-
UK GAAP

Non-Current Asset XX

Current Assets xx

CurrentLiab (xx)
xx

Non Current Liab (xx)

Net Asssets XX

Equity
Share Capital xx
Retained Earnings xx
Revaluation xx
XX
5 Elements of F/Statements
1 Assets
2 Liabilities
3 Revenue
4 Expenses
5 Equity

Asset An item that we own & expect it to give us benefits in the near future
Within 12 Months Current Asset
Beyond 12 Months Non-Current Assets

Liabilities Something we owe and can be repaid within a year or after 1 year
Within 12 Months Current Liability
Beyond 12 Months Non-Current Liability

Revenue/Turnover Sales from the normal operating activities= Increase in assets

Expenses Costs incurred for us to sale

Equity Residual interest in the interest of the company

Note 1
R&D 115,000.00
Initial Costs (28,000.00) Dr: Operating Costs 46,000.00
Staff Training (8,000.00) Cr: R & D
Promotional Adverts (10,000.00)

R&D 69,000.00 17,250.00

12,937.50 Dr: Operating Costs
Note 1-a Cr: Acc Amort
Development Equipment 18,000.00
Depreciation for the year 6,000.00
Dr: Operating Costs 6,000.00
Cr: Acc Dep 6,000.00

Note 2
Patents 15,000.00 Dr: Disposal /Suspense Acc 2,400.00
Disposal at Cost (2,400.00) Cr: Cost-Patent

New Cost of Patents 12,600.00

Dr: Acc Dep 1,200.00

Cr: Disposal Acc 1,200.00

Bal b/fwd 4,500.00 4,500.00

Disposal (1,200.00) (1,200.00)
Dep for the yr
All Year- 12,600 2,520.00 Dr: Other Oper Costs
Half Year-2,400 240.00 2,760.00 Cr: Acc. Amort

New Acc Dep 6,060.00

6,540.00
7,700.00

Dr: Suspense Acc 7,700.00 5,300.00

Dr: Acc Dep 1,200.00
Cr: PPE Acc 2,400.00
Cr: SPL 6,500.00

Suspense Acc
PPE 2,400.00 Bal b/f 7,700.00
SPL 6,500.00 Acc Dep 1,200.00

8,900.00 8,900.00
Note 3
Land & Building Land Buildings Dr: Acc Dep Build 122,500.00
Bal B/fwd 350,000.00 630,000.00 Cr: Cost-Build
Bal B/fwd-Acc De - (122,500.00) Dr: Rev. Su 50,000.00
C.Amnt 350,000.00 507,500.00 Dr: SPL 57,500.00
Revaluation - 400,000.00
Net 350,000.00 107,500.00

New PPE 350,000.00 400,000.00

Dep for the Yr 16,000.00 Dr: Admin Expenses 16,000.00

Cr: Acc Dep Buid

Note 4
Lease Liability Table 3%
Year B/F Interest Payments Bal C/fwd
31/12/2013 85,300.00 2,559.00 10,000.00 77,859.00 8,530.00
31/12/2014 77,859.00 2,335.77 10,000.00 70,194.77 Dr: Admin Expe
Cr: Acc Amort
Non current Liability 70,194.77
Current Liability 7,664.23 Dr: Lease Liability
Cr: Admin Expenses
Dr: Finance Costs 2,559.00
Cr: Interest Payable 2,559.00

Note 5

Dr: Share Capital 3,000.00

Cr: Share Premium 3,000.00
70,500.00
320,000.00
80,000.00

Dr: Share Premium 70,500.00

Dr: R/E 9,500.00
Cr: Share Capital 80,000.00

Note 6
Sales 27,000.00

2,700.00
24,300.00
Dr: Revenue 2,700.00
Cr: Provisions 2,700.00
 Markup 20%
Cost 2,250.00 450.00

Dr: Right to Recover Prdcts 2,250.00

Cr: CoS 2,250.00

Note 7

1/1/2013 5,000.00 0.84 4,200.00

31/03/2013 5,000.00 0.80 4,000.00
Exchange Gain 200.00
Dr: Trade Payables 200.00
Cr: SPL 200.00

Dr: Inventory 4,200.00

Note 8
Tax Liability 56,000.00

Dr: Tax Expenses 56,000.00

Cr: Tax Liability 56,000.00

Dr: Tax Expenses 11,500.00

Cr: Tax Laibility 11,500.00
46,000.00

12,937.50
12,937.50

2,400.00

2,760.00
2,760.00

57,500.00
 230,000.00

16,000.00

r: Admin Expe 8,530.00

Cr: Acc Amort 8,530.00

r: Lease Liability 10,000.00

Cr: Admin Expenses 10,000.00
 Temera Ltd
Statement of profit or loss for the year ended 31st March 2013
Amount Amount
Revenue 912,500.00
Sale or return-Provision (2,700.00)
Net Revenues 909,800.00
Cost of Sales
Purchases 381,250.00
Opening Inve 31,700.00
Closing Inv (40,400.00)
Inv under Right to recover Asset (2,250.00)
Cost of Sales FY 370,300.00

Gross Profit 539,500.00

Administrative Expenses
T/B 191,300.00
Dep 16,000.00
Dep-RoU 8,530.00
Wrongly Captured (10,000.00)
205,830.00
Operating Costs
T/B 34,500.00
R& D 46,000.00
Dep on Devt Equip 6,000.00
Amortisation R & D 12,937.50
Patent_amort 2,760.00

102,197.50