STATEMENT OF FINANCIAL

POSITION AS AT 31 DEC. 2022

ASSETS
NON-CURRENT ASSETS
Propert ,Plant and Equipment 5 xxx
Intanible asset xxx
Investment assets xxx
xxx
CURRENT ASSETS
Inventories xxx
Account Receivable 6 xxx
Cash & Cash Equivalent xxx
xxx
TOTAL ASSETS xxx

EQUITY AND LIABILITIES

EQUITY
Share capital 7 xxx

Treasury shares 7 xxx

Share Premium 7 xxx
Retained earnings 7 xxx
Other reserves 7 xxx
xxx
NON-CURRENT LIABILITIES
Borrowings xxx
Bonds xxx
xxx
CURRENT LIABILITIES
Trade and other payables xxx
Bank Overdraft xxx
Income tax payable xxx
xxx
TOTAL LIABILITIES xxx
TOTAL EQUITY AND LIABILITIES xxx
 5
STATEMENT OFCOMPREHENSIVE INCOME FOR THE YEAR ENDED 31 12 2022

Sales xxx
Cost of Sales 1 (xxx)
Gross Profit xxx
Other operating Income xxx
General and Admin Expenses 2 (xxx)
Selling and Distribution expenses 3 (xxx)
Operating Profit xxx
Interest Expense (xxx)
Taxation 4 (xxx)
Net Profit xxx
Other Comprehensive Income
Revalution of Non current assets xxx
Net changes in fair value of investments classified as fair
value through other comprehensive income xxx
Exchange differences on translation of foreign operations xxx
TOTAL COMPREHENSIVE INCOME xxx 7
Propert ,Plant and Equipment
Plant&
Land Building Equipment Total
Opening Balance xxx xxx xxx xxx
Purchase during year xxx xxx xxx xxx
Disposed during the year (xxx) (xxx) (xxx) (xxx)
Revaluation xxx xxx xxx xxx
Write off (xxx) (xxx) (xxx) (xxx)
Closing Balance xxx xxx xxx xxx

Accumulated Depreciation
Opening Balance xxx xxx xxx xxx
Depreciation for the year xxx xxx xxx xxx
Acc. Dep on asset sold (xxx) (xxx) (xxx) (xxx)
Closing Balance xxx xxx xxx xxx

Net Assets xxx xxx xxx xxx

Equity
Share Share Revaluation Retained
Capital Premium Reserve Earnings
Opening Balance xxx xxx xxx xxx
New issue of shares xxx xxx
Profit for the year xxx
Interim dividend paid (xxx)
Interim dividend declared (xxx)
Closing Balance xxx xxx xxx xxx