Section Ⅰ

1 2 3 4 5 6 7 8 9 10
A C 5400 126000 7368 D 11910 B 20200 C
11 12 13 14 15 16 17 18 19 20
A D 281000 D B C BD 22240；0 Loss360 C
21 22 23 24 25 26 27 28 29 30
36750Dr A B B C BC C B C D
31 32 33 34 35
C D B D C

Section Ⅱ

1. STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 OCTOBER 2015

$000

Revenue 1,800

Cost of sales (W1) ( 1,284 )

––––––

Gross profit 516

Administrative expenses (325 + 10 (W4) + 6 (W3)) ( 341 )

––––––

Profit for the year 175

––––––

Workings

$000

Cost of sales

Opening inventory 160

Purchases 1,140

Closing inventory ( 75 )

––––––
 1,225

Depreciation (W2) 59

––––––

1,284

Property Plant Total

$000 $000 $000

Depreciation for year

740 x 5% (37) 37

(220 – 110) x 20% (22) 22

59

Trade receivables

Allowance (c/f) 320,000 x 5% = $16,000

(b/f) ( $10,000 )

change 6,000

Energy cost accrual

15,000 x 2/3 = $10,000

CONSOLIDATED SOFP OF WIND GROUP AS AT 31 DEC. 2015

Group
Assets
Goodwill 20,000
Fixed assets 145,000
Cost of investment 0
Inventory 34,400
Receivables 15,000
Cash 15,000
Total Assets 229,400

Liabilities
Non-current liability 12,000
Payables 7,000
Capital
Share capital 140,000
Retained earning 44,590
Other reserve 5,000
NCI interest 20,810
Total Liabilities and Capital 229,400

CONSOLIDATED SOPL OF WIND GROUP FOR THE YEAR ENDED 31 DEC. 2015
Group
Revenue 115,000
Cost of sales 79,350
Gross profit 35,650

Administrative expenses 11,750

Profit before taxation 23,900

Income taxes 4,500

Profit for the year 19,400

Profit attributable to:

Owners of the parent 18,590
NCI 810